PANews reported on March 11, citing Bloomberg, that Ghana's securities regulator has designated 11 companies to participate in a 12-month pilot program for virtual asset trading, allowing them to test their products and services in a controlled environment. The Ghana Securities and Exchange Commission stated that the participating companies include five exchanges: Hyro Exchange, Hanypay, HSB Global, Koinkoin, and WhiteBit; Vaulta, XChain, and Bsystem will participate in global asset tokenization; Africoin will participate in tokenized gold; Blu Penguin will participate in a tokenized payment system; and GoldBod will act as the custodian for all gold-backed securities. Companies that participate in the pilot program for six months and whose products and services meet regulatory requirements will receive formal licenses.