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Bitfinex Securities and Astana International Exchange (AIX) agree on terms of cooperation

Jun 8, 2023 4 min read
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Bitfinex Securities, licensed in the FinTech Lab by the Astana Financial Services Authority, operates as a prominent platform for the listing and trading of tokenized securities. AIX, operating within the Astana International Financial Centre development framework, is an esteemed exchange with a focus on developing an active capital market in Kazakhstan and the region.

Under this MOU, AIX and Bitfinex Securities have identified several initiatives and shared goals for collaboration. These include the exploration of dual listing opportunities for fully fungible conventional and tokenized securities, the establishment of post-trade links between their respective securities settlement systems, and joint promotion efforts to facilitate efficient bridges between conventional and tokenized trading venues.

Olivier Guéris, Chief Operating Officer of AIX, expressed his optimism about the collaboration, stating, “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, shared his perspective on the collaboration, saying, “We view this partnership with AIX as a crucial milestone in the technological upgrade of capital markets. By offering a cost-effective alternative to products like depository receipts, we can provide publicly listed companies with access to global liquidity. Traders and investors will benefit from real-time settlement, 24/7/365 trading, and an expanded pool of high-quality investment opportunities. We believe that dual listings could become a major driver of liquidity on both exchanges.”

AIX, formed in 2017 within the Astana International Financial Centre development framework, operates within a regulatory environment based on the principles of English Law, ensuring a reliable investment environment. AIX shareholders include AIFC, the Shanghai Stock Exchange, the Silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange’s mission is to create favourable conditions for attracting financing to private and public businesses, thus developing an active capital market in Kazakhstan and the region.

The Astana International Financial Centre (AIFC) serves as an independent jurisdiction with a favourable legal and regulatory environment, offering a developed infrastructure for business operations, investment attraction, job creation, and the overall economic development of Kazakhstan.

For more information about AIX, please visit www.aix.kz.

For more information about the Astana International Financial Centre (AIFC), please visit https://aifc.kz/.

For more information about Bitfinex Securities please visit our website at https://www.bitfinex.com/securities.

About Bitfinex

Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for digital currency traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market, and financed trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.

About Bitfinex Securities

Bitfinex Securities, with entities registered and licensed in the AIFC and El Salvador, offers investors and issuers a regulated, efficient and global solution to tokenized security issuances and secondary market trading. Bitfinex Securities was the first global digital asset platform licensed and registered in the AIFC and was also the first to be licensed under El Salvador’s new Digital Asset regime.

For Media Enquiries

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The post appeared first on Bitfinex blog.

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