Zimbabwe SEC Approves 7 Fintechs, With 57% Focused on Asset Tokenization

Zimbabwe's SEC grants sandbox access to seven firms, with four targeting asset tokenization. This marks a significant regulatory step for RWA experimentation in the region.

Woofun AI reports that the Securities and Exchange Commission of Zimbabwe (SECZ) has authorized seven fintech entities to conduct supervised testing of new financial products within its regulatory sandbox. The approved participants include Zimbabwe Entrepreneurship Exchange, Ndarama Standard, Questview Brokers, Crowdaxe Capital, Procode Platforms, Financial Securities Exchange (FINSEC), and Colmin Resources Zimbabwe.

Four of the seven projects focus specifically on tokenization, covering assets, securities, and infrastructure, while others address blockchain fundraising, synthetic trading, and crowdfunding. This development builds on FINSEC’s earlier status as the first licensed asset tokenization operator under the SECZ framework. Companies must complete supervised testing and satisfy all licensing requirements before launching commercial services to the public.