SECP Names Third Sandbox Cohort With Two Tokenisation Entrants

The Securities and Exchange Commission of Pakistan has named the third cohort of its regulatory sandbox, which for the first time includes applicants proposing fractional property instruments.

Sandbox admission is not authorisation. Participants operate under relief from specific requirements for a defined period, with the regulator observing before deciding whether a permanent regime is warranted.

The inclusion of tokenisation proposals signals that the commission considers the question live rather than speculative.