FINSEC completes blockchain infrastructure
CLOUDINE MATOLA
The Financial Securities Exchange (FINSEC) has completed the development of a new blockchain infrastructure platform for Zimbabwe’s emerging tokenised asset market, Business Times can report.
FINSEC chief executive officer Collen Tapfumaneyi said the milestone marks a significant step towards the development of digital capital markets in Zimbabwe.
According to Tapfumaneyi, tokenisation has the potential to unlock new investment opportunities, mobilise capital at scale 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 towards productive sectors of the economy.
FINSEC added that the platform combines the operational efficiencies of distributed ledger technology with the governance, transparency and investor protection standards required in regulated capital markets.
“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.
