Representatives of the structures said that the purpose of cooperation is to develop a double listing mechanism for companies entering the primary public placement of shares (IPO).
Companies will be able to conduct an IPO on the Astana Stock Exchange operating in accordance with English law. At the same time, they will be able to issue tokenized shares through the Intebix site. These digital assets will work on the SOLANA blockchain, and Jupiter will provide decentralized finance tools (Defi).
AIX Director General Asel Mukazhanova said that cooperation will expand access to financing and provide companies and investors with new forms of participation.
“This agreement marks a significant step towards the rapprochement of the traditional capital markets and the next generation based on blockchain. Combining efforts, we form an environment in which innovations and trust go hand in hand, ”said Mukazhanova.
As part of the partnership, it is planned to develop legal and technological standards for attracting capital. Solana Foundation noted that the hybrid model will synchronize the processes between different sites, observing the requirements of the regulators.
Earlier, President of Kazakhstan Kasim-Zhomart Tokaev announced plans to create a Cryptocity pilot zone in the country, where digital assets will be used by the population and companies to purchase goods, pay for services and other purposes.
Source: Bits
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