Vaulta, WhiteBIT, and XChain join Ghana’s SEC Sandbox to test virtual asset services

Ghana is advancing its efforts to regulate the digital asset industry through a newly launched regulatory sandbox for Virtual Asset Service Providers (VASPs).

The program, introduced by the country’s Securities and Exchange Commission (SEC), allows selected companies to pilot crypto and blockchain services within a supervised environment.

The sandbox forms part of the implementation of the Virtual Asset Service Providers Act, 2025 (Act 1154), which aims to establish a licensing framework for exchanges, payment platforms, and other digital asset businesses.

Global cryptocurrency exchange WhiteBIT is among the companies selected to participate in the pilot program alongside firms such as Vaulta and XChain.

Selected companies begin testing crypto and tokenization services

A total of 11 companies have been admitted into the SEC’s regulatory sandbox, covering a range of digital asset activities.

Several firms will focus on operating cryptocurrency trading platforms, giving regulators a chance to observe how exchanges function under supervision.

Exchanges, including WhiteBIT, will demonstrate trading infrastructure, security practices, and compliance procedures within the sandbox environment.

Other participants are testing tokenization frameworks designed to bring traditional assets onto blockchain networks.

These projects explore digital securities, asset-backed tokens, and fractionalized investment products.

The mix of exchanges and blockchain infrastructure providers, including WhiteBIT, allows regulators to monitor different segments of the digital asset industry simultaneously.

WhiteBIT expands its presence in emerging crypto markets

WhiteBIT enters the Ghana sandbox as one of the larger cryptocurrency exchanges operating globally.

Since its founding in 2018, the platform has expanded rapidly and now serves millions of users across multiple regions.

Participation in Ghana’s sandbox gives WhiteBIT an opportunity to collaborate with regulators while supporting the development of a regulated digital asset market in Africa.

Volodymyr Nosov, Founder and President of W Group, which WhiteBIT is a part of, shared his views on this new milestone:

“WhiteBIT’s mission has always been to deliver secure, compliant, and accessible crypto services. Being selected for Ghana’s regulatory sandbox not only underscores our commitment to responsible market expansion but also reflects our confidence in Africa’s potential to lead in digital finance. As Africa’s crypto landscape continues to evolve, WhiteBIT looks forward to supporting innovation and enabling next-generation financial services through regulated and trustworthy platforms.”

Ghana introduces a regulatory sandbox for crypto innovation

The SEC sandbox will run for 12 months, during which regulators will monitor the operations of participating firms and gather data that will help shape future licensing rules.

Companies that meet regulatory requirements during the first six months may transition into activity-based licenses, while others may continue refining their products during the remaining period.

Exchanges such as WhiteBIT will operate under regulatory oversight while authorities evaluate areas including custody standards, governance structures, and anti-money laundering compliance.

The insights gained from the sandbox will help the SEC develop a comprehensive licensing framework for virtual asset service providers in Ghana.

As regulatory clarity improves across the region, the involvement of global platforms like WhiteBIT reflects growing international interest in Africa’s developing digital asset ecosystem.