One of the reasons Arizona has elevated itself in the national innovation scene is because of the emergence of financial technology, or FinTech. The primary driver occurred March 2018 with the passing of HB 2434, which made Arizona the first state to enact a regulatory FinTech “sandbox� that allows emerging companies in FinTech, including blockchain and digital assets to grow their respective innovations without stringent regulations. The program grants companies in these industries the opportunity to grow their businesses for up to two years or gain up to 10,000 customers before needing to apply for a formal license. Because Arizona was the first state to openly welcome the development of FinTech, we have a distinct competitive advantage within this space. This is important, as FinTech is among the fastest-growing technologies to date. According to a 2017 global FinTech report, AB | November - December 2019 97