The Zimbabwe Securities and Exchange Commission (SECZ) announced the approval of seven financial technology (fintech) solutions for participation in its test-and-learn program under the 'regulatory sandbox'. In a public notice issued by acting CEO Tichaona Mashingaidze, the regulator highlighted a step forward in its efforts to support digital financial innovation while ensuring market oversight.
The regulatory 'sandbox' provides a controlled and supervised environment with predefined testing parameters and timeframes. Within this system, approved participants can test innovative products, services, and business models before a broader rollout to the financial market.
The latest cohort of sandbox participants encompasses a broad range of capital market technologies, including blockchain-based platforms, synthetic trading, crowdfunding, and tokenization.
Among the selected entities are Zimbabwe Entrepreneurship Exchange, a blockchain-based capital-raising platform, and Ndarama Standard, an asset tokenization platform. Also approved were Questview Brokers—a synthetic trading platform—and Crowdaxe Capital—a web-based crowdfunding platform.
Rounding out the list are companies Procode Platforms, Financial Securities Exchange, and Colmin Resources Zimbabwe, all of which specialize in various forms of asset, infrastructure, or securities tokenization.
According to SECZ, the primary goal of the test-and-learn program is to foster responsible innovation, expand access to financial services, and encourage the development of a fair, transparent, and efficient capital market in Zimbabwe.
The Commission emphasized that participation in the sandbox remains subject to strict regulation. To protect investors, SECZ warned that any claims or assertions beyond the approved parameters would be considered misleading.
SECZ confirmed it would continuously monitor and assess participants throughout the testing period, reserving the right to issue additional directives, guidelines, or operational requirements as needed.
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