Envast has started the application process to join the “Regulatory Sandbox” special legal regime

Dear investors and platform users!

The Envast team is pleased to announce an important update: the Envast platform has officially started the process of submitting an application to become a resident of the “Regulatory Sandbox” special legal regime of the National Agency for Prospective Projects. This marks a new stage of transparency and state regulation in the investment platform sector in Uzbekistan.

What is the “Regulatory Sandbox”?

The “Regulatory Sandbox” is a special legal regime designed for investment platforms and innovative financial services. It allows companies to test capital-raising activities through investment platforms under state supervision and in a flexible regulatory environment.

This regime is approved by the President of the Republic of Uzbekistan and administered by the National Agency for Prospective Projects.

📜 Legal basis:

Document: Resolution of the National Agency for перспектив projects

Date: December 9, 2025

Number: 21

Registration number: 3753

Effective date: January 14, 2026

Source: lex.uz/uz/docs/7992815

Authorized state body

The National Agency for Prospective Projects acts as the authorized regulator under this regime and is responsible for:

• Licensing and registration decisions for investment platform operators
  
• Maintaining the registry of participants under the special legal regime
  
• Monitoring and supervising operator activities
  
• Ensuring transparency and protecting investor interests
  

Requirements for obtaining residency

To become a resident of the Regulatory Sandbox, an investment platform operator must meet the following requirements:

What does this mean for Envast?

By starting the residency application process, Envast aims to achieve:

✅ Official state regulation

The platform will operate under supervision of the National Agency for перспектив projects, increasing transparency and investor confidence.

✅ Legal protection of investors

Investor rights will be clearly regulated, and operator obligations will be strengthened under the special regime.

✅ New services and opportunities

The sandbox enables legal testing of innovative financial services such as crowdfunding, secondary share trading, and digital assets.

✅ International standards compliance

The Regulatory Sandbox is a globally recognized practice (used in Singapore, the UK, the UAE, and others), marking Envast’s alignment with international standards.

Current stage and next steps

The Envast team has entered the preparation and submission phase:

1. Preparation of documentation package — compiling legal, technical, and financial documentation in accordance with the requirements of the agency
   
2. Technical infrastructure validation — aligning server location and data storage systems with regulatory standards
   
3. Official application submission — submitting the complete documentation package to the National Agency for перспектив projects
   
4. Review and monitoring — regulatory review and required inspections by the agency
5. Obtaining resident status — inclusion in the official registry upon approval
   
6. 📱 Impact on investors: The current process does not affect existing projects or investments on the Envast platform. After obtaining resident status, investors will gain additional legal protection and access to new services.
   

Why is this important?

The Regulatory Sandbox represents a new stage not only for Envast, but for the entire investment market in Uzbekistan:

• Market transparency — creation of a regulated registry of platforms
  
• Investor trust — licensed operators under official supervision
  
• Innovation — safe testing of financial technologies
  
• Global alignment — integration with international investment standards
  

Envast has always prioritized transparency, legality, and investor interests. The journey toward Regulatory Sandbox residency is a strong step toward strengthening your trust through legal guarantees. 🌟