WeWire admitted to SEC virtual assets sandbox to drive trade finance tokenisation

WeWire, a global fintech specializing in cross-border payments and infrastructure, has been granted admission to the Securities and Exchange Commission's (SEC) virtual assets regulatory sandbox. This marks yet another milestone for the company, following its previous participation in the Bank of Ghana's Regulatory Sandbox. WeWire will now use the sandbox environment to pilot the tokenisation of trade finance, aiming to address the capital inefficiencies, settlement delays, and liquidity bottlenecks faced by cross-border trade across Africa and emerging markets.

By representing and settling trade finance instruments as digital tokens, WeWire seeks to create a transparent, immediate, and programmable avenue for capital clearing and trade settlement. Eben Ghanney, the CEO of WeWire, emphasized the importance of bringing institutional-grade assets and real-world trade into the digital age, stating that the sandbox admission is a continuation of their commitment to building compliant, secure, and modern financial infrastructure.