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