The Egypt Financial Regulatory Authority (FRA) announced the results of its national World Computer Hacker League hackathon, run through the FRA Sandbox, selecting 16 Egyptian projects to progress to the African continental qualifiers and awarding prizes to the top three teams for technology solutions targeting the non-banking financial services sector. Twenty-six projects competed, with teams drawn from multiple Egyptian governorates. MercX placed first (EGP 100,000), CargoTrace Finance second (EGP 50,000) and ChainNotery third (EGP 25,000). The event, held globally for the second year and entered by Egypt for the first time, was organised with Mercatura Forum, ICP Hub Egypt and DFINITY and focuses on use cases including tokenised financial products, real world asset platforms and decentralised artificial intelligence applications. FRA linked the initiative to the recently launched FRA Sandbox and framed it as a route for innovators to test ideas in a controlled setting while aligning early with regulatory requirements such as “know your customer”, listing and trading rules and data linkage. The hackathon is structured in three stages, with national rounds in August, the African stage in September and global finals in October. The African-level winner is set to receive EGP 350,000 alongside USD 50,000 of investment, and FRA pointed to its FRA Sandbox platform for hackathon and innovation programmes and related regulatory guidance.
Egypt Financial Regulatory Authority 2025-09-02
Egypt Financial Regulatory Authority names three national hackathon winners and advances 16 projects to the African stage of the World Computer Hacker League
The Egypt Financial Regulatory Authority (FRA) concluded its World Computer Hacker League hackathon, selecting 16 Egyptian projects for African qualifiers and awarding prizes to the top three teams. Organized with Mercatura Forum, ICP Hub Egypt, and DFINITY, it focused on tokenised financial products, real-world asset platforms, and decentralized AI applications. FRA highlighted the hackathon as a pathway for innovators to test ideas within the FRA Sandbox, aligning with regulatory requirements.