REGULATION | Blockchain Tokenization Platform, AlphaBloq, Gets Admitted into the Capital Markets Authority of Kenya Regulatory Sandbox

2025-12-24 05:42:45

Abstract generation in progress

The Capital Markets Authority of Kenya (CMA Kenya) has admitted AlphaBloq Technologies Limited into the Capital Markets Authority Regulatory Sandbox to test its innovative blockchain-enabled real estate tokenization platform.

AlphaBloq is the latest blockchain product to be admitted into the regulatory sandbox for a period of 12 months. During this period, AlphaBloq will be required to undertake the following regulatory sandbox requirements:

Adhere to the proposed testing and customer acquisition plan
Develop an exit roadmap from the sandbox and a commercial rollout of the product
Conduct quartely regular product reviews and risk management framework that include emerging risks and factors
Provide monthly updates to the Sandbox Review Committee on the progress made, challenges, and opportunities
Adhere to the AML/CFT/CPF framework under the PCAML Act, the PT Act, and othe relevant regulations
Maintain records of all financial transactions, key milestones, data, and investors
Adhere to the general Laws of Kenya and seek necessary regulatory approvals should it wish to developer additional product features
Seek the Authority’s no objection prior to acquisition and tokenization of any property, giving granular details of the particulars of the property and prospective investors into the property
Submit a final report to the Authority at the end of the testing period

AlphaBloq seeks to ‘foster greater inclusivity in real estate investing by making it more affordable for younger Kenyans, irrespective of their income levels.’

In 2019. CMA Kenya anoounced that it will be accepting non-crypto blockchain firms intto the sandbox.

In 2022, the Chairman of CMA Kenya said that the authority would be accommodating crypto and blockchain startups into its sandbox as well. However, no blockchain startup has been onboarded onto the sandbox until now.

In 2021, the regulator disclosed that out of 24 applications submitted to the sandbox since March 2019, at least 9 have been related to blockchain technology and tokenization of real estate. However, in this article by BitKE, CMA admitted that they had faced several challenges with blockchain firms in the sandbox.

AlphaBloq joins 2 other blockchain-based products to be admitted into the CMA Kenya regulatory sandbox, which includes:

Belrium Kenya
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