FinTech & Digital Solutions
A progressive framework enables licensed virtual asset businesses to operate with credibility and confidence—spanning crypto exchanges, derivatives platforms, lending protocols, and settlement solutions. The MIFC provides institutional-grade support for tokenized finance, digital custody, and compliant trading infrastructure, positioning firms to capture market share in a rapidly evolving sector. With access to forward-looking regulation, global capital flows, and a network of digital-native financial partners, the environment is purpose-built for scaling virtual asset innovation in a secure and transparent ecosystem.
Secure and technology-enabled escrow and trust solutions are a critical part of the digital finance infrastructure, supporting everything from token issuance to smart contract settlements and cross-border M&A. Purpose-built for the digital age, the hub facilitates licensed providers offering multi-asset custodial arrangements, milestone-based fund releases, and trustee services tailored to both traditional and tokenized ecosystems. With strong legal enforceability and tech-first operational standards, businesses can transact with speed, certainty, and transparency.
A dynamic environment fostering financial innovation, the MIFC offers sandbox initiatives that enable FinTechs and financial institutions to develop, test, and refine cutting-edge solutions. These initiatives provide a controlled setting where emerging technologies can be evaluated under regulatory oversight, ensuring compliance while promoting creativity. By facilitating collaboration between innovators, regulators, and industry stakeholders, the sandbox initiatives accelerate the deployment of transformative financial products and services, driving growth and enhancing the competitiveness of the financial sector.
Application Process
Setting up a financial services business in the hub is designed to be efficient, transparent, and supportive of innovation. From initial inquiry to operational launch, the process ensures that businesses are aligned with the hub’s commitment to sound governance, market integrity, and long-term growth. As part of this journey, all entities offering regulated financial services will be required to obtain approval from the Maldives International Financial Services Authority (MIFSA), the hub’s dedicated financial regulator. Entities that are either required or that want to have a physical presence, will find a wide range of offices in the Malay MIFC Area to choose from. The MIFC team will advise regarding office requirements on a case by case basis.
01
Make an Enquiry
Reach out to us or submit an expression of interest outlining your proposed business activities.
02
Schedule a Pre-Application Discussion
Connect with the MIFSA team to receive initial guidance and align on regulatory expectations.
03
Submit Your Application
Complete the application form and upload the required documents through our secure portal.
04
Regulatory Review
MIFSA evaluates your submission, including governance, ownership, internal systems, and compliance readiness.
05
Receive In-Principal Approval
If all requirements are met, you'll be granted conditional approval to proceed with set-up.
06
Complete Your Set-Up
Finalize office registration, onboard your team, and establish operational infrastructure.
07
Get Licensed & Go Live
Once all conditions are satisfied, receive your operational license and commence business activities.