Jupiter and Kazakhstan Stock Exchange Sign Partnership for Dual Listing of Shares
The post Jupiter and Kazakhstan Stock Exchange Sign Partnership for Dual Listing of Shares appeared on BitcoinEthereumNews.com. Jupiter:- Equities form the basis of capital markets. There’s an emerging trend in web3 to bring these equities on blockchain. Recently, Kraken joined hands with Backed and Solana Foundation to launch xstocks. With this, the leading exchange is offering tokenized US stocks and ETFs on the Solana blockchain. Now, in another exchange moving towards this, Jupiter has signed a memorandum with the stock exchange of Kazakhstan. According to the MoU signed, companies listed at AIX or the Kazakhstan’s stock exchange will have the option to pursue dual listing mechanism. According to this, a company listed at exchange can pursue the traditional mechanism of IPOs as well as can issue its tokenized stocks on Solana. Equities to Get Duel Listings – On Solana and On Exchange The partnership is built between AIX, Intebix, Solana and Jupiter. Intebix, a tokenization platform, the Solana Foundation, and Jupiter will jointly explore the regulatory, technical, and commercial aspects of dual listings. Under the proposed dual listing framework, a company would first complete a standard IPO on AIX, meeting all requisite financial disclosures and regulatory criteria. However, as part of the agreement, the same issuer or the company would be able to create a smart contract on Solana. This will be minting its tokenized shares which will have the similar economic rights as their AIX-listed stock. We’re excited to advance our Global Unified Markets vision together with @SolanaFndn and Astana International Exchange (AIX). Jupiter and AIX, Kazakhstan’s Stock Exchange, have signed a memorandum aimed at developing a dual listing — allowing companies to go public through a… pic.twitter.com/2nUkMisKck — Jupiter (
The post Jupiter and Kazakhstan Stock Exchange Sign Partnership for Dual Listing of Shares appeared on BitcoinEthereumNews.com.
Jupiter:- Equities form the basis of capital markets. There’s an emerging trend in web3 to bring these equities on blockchain. Recently, Kraken joined hands with Backed and Solana Foundation to launch xstocks. With this, the leading exchange is offering tokenized US stocks and ETFs on the Solana blockchain. Now, in another exchange moving towards this, Jupiter has signed a memorandum with the stock exchange of Kazakhstan. According to the MoU signed, companies listed at AIX or the Kazakhstan’s stock exchange will have the option to pursue dual listing mechanism. According to this, a company listed at exchange can pursue the traditional mechanism of IPOs as well as can issue its tokenized stocks on Solana. Equities to Get Duel Listings – On Solana and On Exchange The partnership is built between AIX, Intebix, Solana and Jupiter. Intebix, a tokenization platform, the Solana Foundation, and Jupiter will jointly explore the regulatory, technical, and commercial aspects of dual listings. Under the proposed dual listing framework, a company would first complete a standard IPO on AIX, meeting all requisite financial disclosures and regulatory criteria. However, as part of the agreement, the same issuer or the company would be able to create a smart contract on Solana. This will be minting its tokenized shares which will have the similar economic rights as their AIX-listed stock. We’re excited to advance our Global Unified Markets vision together with @SolanaFndn and Astana International Exchange (AIX). Jupiter and AIX, Kazakhstan’s Stock Exchange, have signed a memorandum aimed at developing a dual listing — allowing companies to go public through a… pic.twitter.com/2nUkMisKck — Jupiter (
What's Your Reaction?
