FINSEC completes blockchain infrastructure for tokenised assets

CLOUDINE MATOLA
Financial Securities Exchange (FINSEC) has completed its new blockchain infrastructure platform for the tokenised asset market, marking a major milestone in Zimbabwe’s journey toward digital capital markets, Business Times can report.
FINSEC Chief Executive Officer, Collen Tapfumaneyi, said the development represents an important shift in the evolution of Zimbabwe’s capital markets and could significantly expand investment opportunities.
He said tokenisation has the potential to mobilise large-scale capital and transform the way investors participate in economic growth.
“This is more than a technology achievement. It is the foundation for the future of digital capital markets in Zimbabwe. Tokenisation has the potential to unlock new investment opportunities, mobilise capital at scale and transform how investors participate in economic growth. We believe this innovation will play a meaningful role in deepening capital markets and supporting national development priorities,” Tapfumaneyi said.
FINSEC said the platform has been purpose-built to support the issuance, management and trading of tokenised real-world assets, laying the groundwork for a new generation of investment products and capital-raising opportunities.
The exchange said the infrastructure positions FINSEC at the forefront of capital market innovation in Zimbabwe and provides a critical foundation for the introduction of tokenised investment products aimed at broadening investor participation, improving market accessibility and directing capital into productive sectors of the economy.
According to FINSEC, the platform combines the operational efficiencies of distributed ledger technology with strong regulatory governance, transparency and investor protection standards.
“Built on a secure private permissioned blockchain architecture, the platform combines the benefits of distributed ledger technology with the governance, transparency and investor protection standards expected of regulated capital markets. The solution has successfully completed development and testing and is now ready to support the next phase of ecosystem development and market adoption,” FINSEC said.
The completion of the blockchain infrastructure places FINSEC among a growing number of exchanges globally embracing digital asset technologies to modernise capital markets and create alternative avenues for raising long-term funding.