Ghana’s Crypto Sandbox Doubles in Size as Regulators Expand Scope
Ghana's Securities and Exchange Commission (SEC) has expanded its virtual asset regulatory sandbox to 20 firms, nearly doubling in size just six months after launching with 11 companies.
The new additions bring a broader scope to the sandbox, covering crypto trading, brokerage, tokenisation, trade finance, and commodities markets. The original cohort focused mainly on exchanges and asset tokenisation, but the expanded group includes nine new entrants that demonstrate a more diversified set of use cases.
These include tokenised T-bills, bonds, and trade finance instruments, which are institutional-grade financial infrastructure that could eventually allow Ghanaian SMEs to access capital markets previously inaccessible to them. The SEC is not just regulating consumer crypto speculation but building the regulatory foundation for a tokenised capital market.