Hello, I hope you are all well. Today we are going to talk about a very important topic. The major global cryptocurrency exchange Bitfinex is moving forward with the security token platform (STO) in Kazakhstan And hopefully, this will be a great start to the first day of trading. Bitfinex Securities, Bitfinex's blockchain-based investment platform, launched on Tuesday, company representatives announced to Cointelegraph.
According to the announcement, Bitfinex Securities has started trading with Blockstream Mining Note (BMN), a security token that allows eligible non-US investors to mine Bitcoin or BTC mining using the corresponding hash rate of BMN. Offers investment in stocks. The token is issued on the liquid side of the bitcoin chain and is going to trade against the BTC and the US dollar, which will help recognized investors gain exposure to bitcoin mining.
Announced in September 2021, the new STO platform is organized within the National Financial Center of Kazakhstan, which we know as the Astana International Financial Center (AIFC). According to Paolo Arduino, chief technology officer of Bitfinex Securities, Bitfinex Securities operates exclusively from a special economic zone in Kazakhstan, which has an independent judicial system. This platform is not approved for citizens or residents of countries such as Canada and the United States.
"This identifies an extraordinary demand among recognized investors for opportunities to gain exposure to bitcoin mining through BMN's enterprise-grade facilities," Ardoino told Cointelegraph. He also said that the company was working closely with local regulators as well as companies seeking to raise funds on the STO platform.
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