NRD Companies is proud to congratulate the Financial Services Commission (FSC) and the Belize Companies and Corporate Affairs Registry (BCCAR) on receiving a Commendation Award at the 2025 Corporate Registers Forum (CRF) Innovation Awards. The recognition was granted for the successful implementation of the Secured Transaction and Collateral Registry (STCR) – a transformative digital reform launched in November 2024 to modernize secured lending in Belize.
The CRF Innovation Awards celebrate excellence and innovation among business and corporate registries worldwide. This year’s commendation highlights Belize’s pioneering efforts to improve service delivery and expand access to finance, particularly for micro, small, and medium-sized enterprises (MSMEs).
This recognition is a testament to the hard work, innovation, and dedication of the entire team at the BCCAR and the Financial Services Commission. I’m incredibly proud of what we’ve achieved together. The STCR is a game-changer for financial inclusion in Belize – especially for MSMEs – offering faster, more transparent, and more secure access to credit.
– Claude Haylock, Director General and Deputy Chairman, Financial Services Commission (FSC), Belize
The STCR was developed following the enactment of the Movable Property and Security Rights Act No. 21 of 2024, which provides the legal foundation for the use of movable property – such as equipment, vehicles, and inventory – as collateral. Implemented with the support of NRD Companies as the tech“At NRD Companies, we are committed to supporting progressive institutions on their digital transformation journeys. It is truly rewarding to see the Financial Services Commission taking such bold steps toward enhancing GovTech in Belize. The STCR is more than a system – it’s a foundational tool to strengthen access to finance, improve public service delivery, and ultimately support Belize in becoming a more competitive and inclusive economy.”nology partner, the registry is fully digital and real-time, improving lending security and efficiency.
At NRD Companies, we are committed to supporting progressive institutions on their digital transformation journeys. It is truly rewarding to see the Financial Services Commission taking such bold steps toward enhancing GovTech in Belize. The STCR is more than a system – it’s a foundational tool to strengthen access to finance, improve public service delivery, and ultimately support Belize in becoming a more competitive and inclusive economy.
– Mindaugas Glodas, CEO of NRD Companies
As of March 2025, more than 500 security interests have been registered in the new system. Financial institutions in Belize have already reported faster loan processing, improved collateral management, and greater confidence in lending – a strong signal of the registry’s impact on the financial ecosystem.
About the Belize Companies and Corporate Affairs Registry (BCCAR)
BCCAR is the central authority for business registration in Belize. Operating under the Financial Services Commission (FSC), it provides incorporation, registration, and post-registration services for companies (including foreign companies), business names, limited liability partnerships, international trusts, international foundations, and limited liability companies. With the launch of the STCR, BCCAR expanded its role to support secured lending through a centralized digital registry of movable collateral.
Learn more: https://bccar.bz/services/stcr
