The State of Arizona has announced two new participants in its fintech sandbox with one of the projects, Sweetbridge, using blockchain technology to offer lending services. The additions bring the total number of selected sandbox applications to three with Sweetbridge being the only distributed ledger technology (DLT) company so far, according to a press release from Arizona’s Attorney General’s Office on Friday. This initiative is the first-ever US testing in a regulatory environment for emerging technologies like blockchain and Artificial Intelligence (AI).

Sweetbridge will trial token-based asset lending on vehicles with the participation of over 10,000 Arizona residents over the n…

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