The Kazakhstan exchange AIX, Intebix, Solana Foundation, and the Jupiter protocol have agreed to work together on an option where a company can simultaneously place its shares on AIX and issue tokens through Intebix. Formally, the participants signed a memorandum of intent - this is the first step towards creating such a scheme for future IPOs.
According to the document, the parties will consider an option where the securities of companies are placed simultaneously on AIX and in tokenized form. Solana is responsible for the technological foundation, and Jupiter will handle the integration.
The companies signed a memorandum to try to combine two different models: regular IPOs and the placement of tokens through blockchain. The essence is simple, if everything works out, it will be possible to go to a classical exchange and simultaneously receive a tokenized version of the securities.
The plan is still in its initial stages. It is necessary to understand how to implement this - from regulatory requirements to technical aspects.
The head of AIX Asel Mukazhanova believes that this could become an important bridge between the classical market and crypto:
«We want to create a model where the classical market and blockchain complement each other. Innovations are good, but without trust and clear rules, it will not take off».
The CEO of Intebix Talgat Dosanov emphasized the significance of the memorandum for both Kazakhstan and the global financial community:
«For us, this is a chance to show how the traditional market can coexist with blockchain. We have long been looking for such a model where tokenized assets go hand in hand with classical listings. This is a logical step towards new formats for going public».
A representative of the Solana Foundation, Akshay BD, noted the international scale of the project:
«Financial markets are becoming global and digital. We are pleased to collaborate with AIX to create a regulatory framework for new forms of placement».
COO of Jupiter Kash Dhanda added that Kazakhstan sets the tone in the field of digital finance:
«Kazakhstan's initiative is a signal to the world that the future of finance lies on-chain. Transparency, scalability, and compatibility are the main principles on which we want to build new standards for decentralized markets».
