Astana, 29 May 2025 – In a strategic move to redefine the future of public markets and digital finance, AIX, Intebix, Solana Foundation, and Jupiter have signed a Memorandum of Understanding (MoU) to explore the development of a dual listing mechanism for companies pursuing Initial Public Offerings (IPOs).
The MoU outlines a framework for potential collaboration to assess the feasibility of enabling companies to list their securities on AIX, while simultaneously offering a tokenized listing on Intebix, powered by the blockchain technology and expertise of Solana Foundation and Jupiter.
This innovative approach aims to unlock new efficiencies, broaden access to capital markets, and provide companies and investors with the best of both traditional and digital asset ecosystems.
The parties will work in good faith to explore regulatory, technical, and commercial aspects of such a mechanism, with a shared vision to create a robust, transparent, and secure framework for dual listings.
Assel Mukazhanova, CEO of Astana International Exchange (AIX), said:
“This agreement marks a significant step toward the convergence of conventional capital markets and next-generation blockchain-based platforms. By joining forces, we are shaping an environment where innovation and trust go hand in hand.”
Talgat Dossanov, CEO of Intebix:
“This MoU marks a transformative step for Kazakhstan and global markets. At Intebix, we are committed to bridging the gap between traditional finance and blockchain innovation. By enabling tokenized listings alongside conventional IPOs, we are laying the foundation for a new era of capital formation.”
Akshay BD, non-CMO of Solana Foundation:
“Capital markets are moving online, beyond the borders of any one country or exchange. We’re proud to collaborate with AIX to create a regulatory framework that supports next-generation IPO paths, including dual listings and other internet-native methods.”
Kash Dhanda, Chief Operating Officer of Jupiter:
“Kazakhstan’s leadership is a signal to the world: the future of capital formation will be onchain, transparent, and interoperable. We look forward to collaborating closely to define compliant and scalable frameworks for decentralized finance.”
Reference:
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, the Shanghai stock exchange, the Silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favourable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. www.aix.kz
The Astana International Financial Centre (AIFC) is an independent jurisdiction that started (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. www.aifc.kz
Intebix is a fully licensed digital asset exchange in Kazakhstan with extensive experience in the European Union and Australia. As an official partner of leading financial institutions in Kazakhstan and global enterprises, Intebix provides its clients with access to cutting-edge technology, deep crypto-fiat liquidity, and a diverse portfolio of popular cryptocurrencies. https://intebix.kz
The Solana Foundation is a non-profit foundation based in Zug, Switzerland, dedicated to the decentralization, adoption, and security of the Solana network. For more information, please visit https://solana.org/.
Jupiter is a crypto superapp on Solana offering best-in-class Spot, Perps, and Mobile trading tools. Powered by the Jupiter DAO, the largest and most active DAO in crypto, Jupiter has been able to attract both new users and pro users alike with its simplified UX and powerful suite of tools. In total, Jupiter has facilitated more than $2 trillion in trading volume across more than 1.8 billion trades. https://jup.ag