Company Information

Get to know SandDollar Financial

The Sand Dollar is a pioneering digital currency initiative launched by the Central Bank of The Bahamas. Rolled out nationwide in October 2020, it was the world's first government-backed digital currency. The project's mission is to enhance financial inclusion and efficiency across the more than 700 islands of the Bahamian archipelago, where physical cash distribution can be difficult and costly. The Sand Dollar is pegged 1:1 to the Bahamian dollar (which is in turn pegged to the US dollar) and facilitates secure, instant digital payments for individuals and businesses through authorized financial institutions and mobile wallet applications.

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Crypto CryptocurrencyPRIMARY
Financial Other Service

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SandDollar Financial

United States

Founded in

2010 (16 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.