AIX and Bitfinex Securities agree on terms of cooperation

Astana International Exchange (“AIX”, “Exchange”) and Bitfinex Securities signed a Memorandum of Understanding (MOU) and agreed to establish cooperation in mutually beneficial areas.

Bitfinex Securities is a platform for the listing and trading of tokenized securities licensed in the FinTech Lab by the Astana Financial Services Authority (“AFSA”).

The Parties have identified several initiatives and shared goals for their collaboration, such as, cooperation in the field of dual listing of fully fungible conventional and tokenized securities; establishment of post-trade links between their respective securities settlement systems; joint promotion of their efforts to establish efficient bridges between conventional and tokenized trading venues.

Olivier Guéris, Chief Operating Officer, AIX, said:

“AIX and Bitfinex share the belief that so called “traditional” and “digital” finance are two sides of the same coin and their integration creates more synergies than hurdles. Both models are not antagonistic and creating bridges and fungibility between them in a fully regulated environment can only benefit issuers and investors, thereby boosting the overall liquidity of our common marketplace.”   

Jesse Knutson, Head of Operations, Bitfinex Securities said:

“We see this collaboration with the AIX as an important step in the technological upgrade of capital markets. This model creates a low-cost alternative to products like depository receipts and provides publicly listed companies with a path to global liquidity. For traders and investors, this brings the benefits of real-time settlement, 24/7/365 trading and the ability to access more high-quality investment opportunities. We think dual listings could evolve to be a major driver of liquidity on both exchanges.”

Reference:

AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, the Shanghai stock exchange, the Silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details: www.aix.kz

The Astana International Financial Centre (AIFC) is an independent jurisdiction that started (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. https://aifc.kz/