Le Mindex Group obtient deux licences supplémentaires

Version anglaise / English Version

TheMindex Group is announced the launch of MINDEX Limited as the first licensed digital securities exchange and MINDEX Clearing Limited as a clearing and depository, both licensed by the FSC.

Having enjoyed three decades as a successful IFC, it is now time for a new vision to help Mauritius retain its competitive edge and remain for the next 30 years as one of the leaders in financial services offerings within Africa. To achieve the former, it is a clearly disclosed objective of the government to make Mauritius a regulated FinTech hub of choice for Africa. MINDEX Group’s licences set the first milestones towards fulfilling that goal.

The MINDEX Group uses blockchain technology, which has proven its potential to disrupt financial services over the last decade, to allow regulated market players and retail investors who were cautiously awaiting regulated service providers operating under a clear regulatory framework, to confidently embrace these new categories of innovative financial products.

With the firm intent of building a complete digital ecosystem for the African region, the MINDEX GROUP is now well poised to offer a digital custodian, exchange, as well as clearing and settlement facilities under its three separate licensed group entities in Mauritius.

Mrs 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.”

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.”

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.

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