Kazakhstan Stock Exchange to launch dual listing mechanism via IPO with participation of Solana and Jupiter

The parties signed a memorandum of understanding

Kazakhstan International Exchange, together with Solana Foundation and Jupiter, will launch a dual IPO mechanism

30.05.2025 - 15:15

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What’s new? Kazakhstan International Exchange (AIX) has signed a Memorandum of Understanding (MoU) with crypto exchange Intebix, Solana Foundation, which supports the Solana blockchain, and decentralized exchange aggregator Jupiter. Under the agreement, the parties will develop a dual listing mechanism for companies that intend to go public through an initial public offering (IPO).

Material by SolanaFloor

What else is known? This mechanism is designed to ensure smooth operations, help companies raise capital, and give investors access to a wider range of assets.

It is envisioned that companies will be able to go public on AIX and simultaneously issue tokenized versions of their shares through the Intebix platform on the Solana blockchain, which will be managed using the Jupiter suite of financial instruments.

This approach combines the reliability and reach of regulated public markets with the transparency and efficiency of blockchain networks.

“This MoU brings together AIX, a regulated exchange grounded in English common law; Intebix, a licensed crypto exchange with robust crypto-fiat infrastructure; the Solana Foundation, a leader in high-performance decentralized blockchain technology; and Jupiter, a Solana-based crypto superapp driving onchain liquidity and token infrastructure,” according to a press release.

This hybrid model will attract a wider range of investors, optimize capital market transactions, and improve access to liquidity in a regulated environment.

“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,” said Assel Mukazhanova, CEO of AIX.

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