The tokenized funds can be arrange and issued underneath Kazakhstan’s monetary providers legislation, underneath regulatory oversight of Astana Monetary Providers Authority (AFSA), the place SkyBridge and Bitfinex are licensed to function. Bitfinex Securities is chargeable for the tokenization course of, whereas SkyBridge will act as dealer and supervisor of the tokenized fund. The merchandise can be out there to retail customers, however with sure geographic limitations, and out there to be bought with Tether’s stablecoin (USDT).
