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    Home » The Mindex Group secures two more licences from the FSC
    News Release

    The Mindex Group secures two more licences from the FSC

    February 6, 2023No Comments2 Mins Read
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    Jessica T. Naga | CEO | MINDEX GROUP
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    The Mindex Group is extending its capabilities, securing Mauritius’ first digital securities exchange licence from the Financial Services Commission (FSC), and launching its second and third regulated entities: a Digital Securities Exchange and a Clearing and Depository House, following the launch of the Mindex Digital Custodian in December 2022.

    Mindex Group aims to be a fully regulated digital asset (which includes virtual assets and security tokens) ecosystem for Mauritius, Africa, and beyond. Mindex Group takes advantage of Mauritius’ capabilities as a jurisdiction where crypto assets are completely regulated as well as an International Financial Center to deliver new financial solutions to worldwide organizations, huge corporations, governments, and investors. 

    MINDEX leverages blockchain technology to simplify financial services and products ranging from listings, transaction automation, and collateralisation to fund administration, asset management, and post-trade services.

    Jessica T. Naga, the CEO of MINDEX GROUP and a seasoned commercial barrister, stated: “By applying for a digital securities exchange licence from the Financial Services Commission of Mauritius, the Mindex GROUP wanted to give clients the ability to choose the most appropriate regulated way of structuring their capital raise, be it through a Security Token Offering, ‘STO’ (under the existing securities law framework of Mauritius) or an Initial Token Offering, ‘ITO’ (under the new Virtual Asset and Token Offering Act 2021; ‘VAITOS’), while retaining the optimisation capabilities of blockchain technology.” She added that: “Even with the advent of regulation for virtual assets, securities law remains tried and tested and still very much relevant in the exchange and capital raise game.”

    Manisha Dookhony, economist and advisor to multiple African governments, who recently joined the MINDEX strategic board, opined: “This is another step for the MINDEX Group to cement its objective of becoming the regulated exchange centre for Africa and beyond.” 

    Manisha Dookhony | Economist

    Benazeer Saidoo, the newly appointed CEO of Mauritius Africa FinTech Hub, welcomed the new licences issued by the FSC, noting that: “This is a clear decision by Mauritius to support innovation and new technologies, thus strengthening its position as the FinTech hub of choice for Africa.”

    Benazeer Saidoo | CEO | Mauritius Africa FinTech Hub

    Mindex Limited will be live and operational as of quarter 1 of 2023. The group has plans to expand into Africa as of Q3 of 2023.

    Benazeer Saidoo FSC Jessica T. Naga licences Manisha Dookhony Mindex Group
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