Solana and Kazakhstan’s Stock Exchange to Promote Dual Listing Mechanism for Enterprises

The Astana International Exchange (AIX), Solana Foundation, liquidity aggregator Jupiter, and licensed trading platform Intebix have signed a memorandum of understanding.

?BREAKING: @Solana Foundation, @JupiterExchange, AIX, and @Intebix sign MoU for Dual IPO Listings

✍️ @ideyquickvex https://t.co/dMp5LnzJF2

— SolanaFloor (@SolanaFloor) May 29, 2025

The collaboration aims to develop a dual listing mechanism for companies launching initial public offerings (IPOs).

It is anticipated that firms will be able to conduct IPOs on AIX, a regulated exchange operating under English law. Simultaneously, they will have the opportunity to issue tokenized versions of their shares through Intebix. These digital assets will operate on the Solana blockchain, with Jupiter providing the necessary DeFi tools.

The partners expect that the collaboration will simplify capital raising for companies and provide investors with access to a broader range of assets. The hybrid model also aims to expand the user base and improve liquidity in a regulated environment.

AIX CEO Assel Mukazhanova described the agreement as a “significant step towards the convergence of traditional capital markets and next-generation blockchain-based platforms.”

The parties intend to assess the regulatory, technical, and commercial viability of the dual listing mechanism. If successful, the project could set a new standard for global capital raising.

In April, the National Bank of Kazakhstan announced the introduction of cryptocurrency regulation in the country through the creation of a nationwide licensed exchange.

In May, the central bank developed legislative amendments that establish the legal status of crypto exchange operators and introduce licensing for their activities.