Crypto

Wall Street Financial Services Firm Lazard Plans to Create Tokenized Funds with Bitfinex Securities

A new opportunity has emerged in Kazakhstan’s financial services sector with the introduction of tokenized funds that will be issued under the country’s financial services law. This initiative will be overseen by the Astana Financial Services Authority (AFSA), where licensed entities such as SkyBridge and Bitfinex operate.

Bitfinex Securities will be in charge of the tokenization process, ensuring compliance with regulatory requirements, while SkyBridge will take on the roles of broker and manager for the tokenized fund. These innovative products will be made available to retail investors, although there may be some geographic restrictions in place.

Notably, the tokenized funds can be purchased using Tether’s popular stablecoin, USDT, providing investors with a convenient and secure payment option. This development marks a significant step forward in the adoption of digital assets within the traditional financial system.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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