Astana International Exchange (“AIX”) is pleased to announce the listing of new exchange-traded notes – iX Bitcoin Exchange Traded Notes (“Notes”) with the shares of ProShares Bitcoin Strategy ETF (“BITO”) as underlying asset. The Issuer of the Notes is iX Bitcoin SPC Limited, a Special Purpose Company (“SPC”) with the sole assets represented by shares in BITO – one of the largest funds tracking the performance of bitcoin futures.
Renat Bekturov, CEO of the AIX, commented:
“The new exchange traded notes introduced on AIX shall give local Kazakh investors an opportunity to diversify their investment portfolios and have an access to the most in-demand cryptocurrency. Our target is to broaden the line of products available to investors, so they can construct investment portfolios suitable for their level of risk appetite.”
Raiffeisenbank has been appointed as a Bank-Custodian to ensure the safekeeping of the underlying assets with CROWE Kazakhstan to serve as an auditing firm. Market Making of Notes at AIX shall be exercised by the Renaissance Capital.
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, 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 favorable 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. More details:www.aix.kz
The Astana International Financial Centre was established on the initiative of the First President of the Republic of Kazakhstan – Elbasy Nursultan Nazarbayev as part of the National Plan “100 steps to implement five institutional reforms”. On July 2, 2020, as part of the meeting of the AIFC Management Council, the Center’s Development Strategy was adopted until 2025. According to it, the vision of the AIFC is to become a leading international financial centre in the region, including Central Asia, the Caucasus, the EAEU countries, Western China, Mongolia and Eastern Europe.
The mission of AIFC is to promote the sustainable long-term development of the region. As the Head of State noted, K.Tokayev, “The AIFC with its unique capabilities can act as a universal platform connecting the countries of the region.” https://aifc.kz/