A fully-regulated exchange powered by Bitfinex enabling the issuance and trading of tokenized securities including equities and bonds, Bitfinex Securities celebrated the opening of an important new regional office in Astana, Kazakhstan.
The opening of the new office in the heart of the Astana International Financial Centre (AIFC) marks a major milestone for Bitfinex Securities as it strives to promote the development of the security token industry. In addition to enabling regular and direct engagement with Astana Financial Services Authority (AFSA) regulators, the office also demonstrates Bitfinex Securities’ view of the security token industry on the future growth and development of Kazakhstan’s domestic economy.
“Bitfinex Securities was one of the first companies to register and be licensed in the AIFC (Astana International Financial Centre), which has emerged as a key financial and business hub connecting Central Asia, the Caucasus, EAEU, West China, Mongolia, the Middle East and Europe,” said Head of Operations at Bitfinex Securities, Jesse Knutson. “Due to our existing relationship with regulators in the region, and the fact that we’re registered in the AIFC, a permanent physical office here was the logical next step as Bitfinex Securities continues to expand worldwide.”
While 2022 may have represented a difficult year for some areas of the cryptocurrency industry, one area that has continued to attract growing interest over the past year is that of tokenized securities, particularly among institutional investors. A recent report from BCG and ADDX predicts the tokenization of real-world assets will become a US$16.1 trillion industry by 2030, providing numerous benefits over paper-based alternatives including improved security, transparency, and cost savings.
Established in 2021, Bitfinex Securities is a 365/24/7, fully-regulated digital securities exchange which allows previously-underserved companies – and potentially entire countries – to access new sources of funding, while widening investor access to innovative financial products, including blockchain-based equities and bonds. Already a global leader in the bitcoin mining industry, Kazakhstan’s enthusiastic embrace of digital asset technology and its forward-thinking approach to regulation have made it an increasingly attractive destination for digital asset companies, including Bitfinex Securities, seeking to establish a long-term presence in the region.
“Over the past two years, we’ve developed a strong relationship with our regulator and have spent a lot of time and effort trying to be as transparent as possible,” continued Head of Operations at Bitfinex Securities, Jesse Knutson. “We’re confident that Kazakhstan and the AIFC will play an important role in the future of capital markets, and I think that in five or ten years time the AIFC could grow into an important hub for our business.”UNCTAD reiterates commitment to Africa at continental summit
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