Ghana’s Securities and Exchange Commission (SEC) said 11 companies have been granted access to a regulatory sandbox to test cryptocurrency and digital asset services under the country’s Virtual Asset Service Providers Act, 2025.

The program allows companies to run their products in a controlled environment while regulators monitor risks and compliance.

The sandbox will run for 12 months and sits at the center of Ghana’s early efforts to bring oversight to the crypto sector, according to a press release.

Companies in the first cohort include asset tokenization firms like Africoin, Blu Penguin, Vaulta, XChain and Goldbod as well as cryptocurrency exchanges like Hyro Exchange, HanyPay and WhiteBit.

The commission said firms whose products are market-ready and meet regulatory requirements could transition to a full license after six months. Others may remain in the sandbox for the remaining period to refine their services.

The SEC said the exercise will also help it shape detailed licensing guidelines for different types of crypto businesses. Data gathered during the pilot will inform rules covering areas such as investor protection, market integrity and anti-money laundering controls.

Once the sandbox closes, the regulator plans to publish the final guidelines and open the licensing process to a broader set of virtual asset service providers.