The tokenized funds will likely be arrange and issued below Kazakhstan’s monetary providers legislation, below 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 accessible to retail customers, however with sure geographic limitations, and accessible to be bought with Tether’s stablecoin (USDT).
