The Ghana Securities and Exchange Commission (SEC) announced that it has approved 11 companies to enter a regulatory sandbox under the Virtual Asset Service Providers Act 2025 to test cryptocurrency and digital asset-related services. The sandbox will run for 12 months, allowing participating companies to operate their products in a controlled environment while the regulator monitors risks and compliance. The initial selected companies include asset tokenization companies Africoin, Blu Penguin, Vaulta, XChain, and Goldbod, as well as cryptocurrency exchanges Hyro Exchange, HanyPay, and WhiteBit. The SEC stated that companies whose products have reached market readiness and meet regulatory requirements can transition to a formal license as early as six months later, while the remaining companies can continue to refine their services within the remaining period. The SEC said that the data collected in this pilot program will be used to develop detailed licensing guidelines covering areas such as investor protection, market integrity, and anti-money laundering controls. After the sandbox concludes, the regulator plans to release final guidelines and open the licensing application process to a wider range of virtual asset service providers.