2021-9-7 20:46 |
Bitfinex Securities Ltd. now offers a new regulated investment exchange for a wider array of financial products.
Earlier this week Bitfinex Securities Ltd. announced their latest financial offering, a regulated investment exchange. The financial group provides blockchain-based investment products, which includes the widely-known Bitfinex crypto exchange.
Their new regulated investment exchange aims at creating accessibility to an array of financial products. The move creates a bridge between strictly crypto-based trading to more traditional spaces. Ultimately the development allows members the ability for portfolio diversification.
According to the announcement, the new product is a step for more access to “innovative financial products,” including blockchain-based equities and bonds, along with investment funds. The new platform facilitates “admission to trading” for small and medium-sized companies to list their tokenized holdings or bonds and raise capital.
Simultaneously, the new platform is open for individuals trading and investing in tokenized securities. In addition, the platform prepares an approach to trading which will, “deploy leading-edge technologies to reduce costs, increase efficiency and optimize the success rate of capital raises.”
A new leaf in KazakhstanThe new exchange is based in Astana, Kazakhstan and regulated by the Astana International Financial Centre (AIFC) Authority. Kazakhstan recently made crypto news for the amount of miners flooding into the country. This is a result of the major crypto crackdowns across the neighboring country, China.
However, the exchange will operate under strict conditions, according to Tim Aron, head of compliance at Bitfinex Securities. “We have to limit the amount of capital raises at $15 million and the maximum number of customers at 1,000” he said in an interview.
Traders will undergo the new exchange’s know-your-customer (KYC) and verification process. Just as the crypto trading platform is unavailable to U.S. traders, so is this new investment exchange. Other unavailable trading locations includes Canada, Switzerland, Venezuela, Austria, and Italy.
The post Bitfinex Launches New Regulated Investment Exchange appeared first on BeInCrypto.
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