Jupiter and Kazakhstan Stock Exchange Sign Partnership for Dual Listing of Shares

Jupiter:- Equities form the basis of capital markets. There’s an emerging trend in web3 to bring these equities on blockchain. Recently, Kraken joined hands with Backed and Solana Foundation to launch xstocks. With this, the leading exchange is offering tokenized US stocks and ETFs on the Solana blockchain.

Now, in another exchange moving towards this, Jupiter has signed a memorandum with the stock exchange of Kazakhstan.

According to the MoU signed, companies listed at AIX or the Kazakhstan’s stock exchange will have the option to pursue dual listing mechanism. According to this, a company listed at exchange can pursue the traditional mechanism of IPOs as well as can issue its tokenized stocks on Solana.

Equities to Get Duel Listings – On Solana and On Exchange

The partnership is built between AIX, Intebix, Solana and Jupiter. Intebix, a tokenization platform, the Solana Foundation, and Jupiter will jointly explore the regulatory, technical, and commercial aspects of dual listings.

Under the proposed dual listing framework, a company would first complete a standard IPO on AIX, meeting all requisite financial disclosures and regulatory criteria.

However, as part of the agreement, the same issuer or the company would be able to create a smart contract on Solana. This will be minting its tokenized shares which will have the similar economic rights as their AIX-listed stock.

We’re excited to advance our Global Unified Markets vision together with @SolanaFndn and Astana International Exchange (AIX).

Jupiter and AIX, Kazakhstan’s Stock Exchange, have signed a memorandum aimed at developing a dual listing — allowing companies to go public through a… pic.twitter.com/2nUkMisKck

— Jupiter (🐱, 🐐) (@JupiterExchange) May 29, 2025

These tokens, managed via Intebix’s tokenization engine would be accessible through Jupiter’s decentralized exchange interface. Further, security would be provided by Solana’s Proof of History and Proof of Stake consensus mechanisms. As a result, token holders would enjoy instant, 24/7 trading and settlement, contrasting with conventional market hours and settlement lags.

Interestingly, AIX or the Astana International Exchange lists some of the major companies of the country. This includes the World’s largest uranium producer – NAC Kazatomprom JSC, Freedom Holding Corporation, Kazakhstan’s national airline/flag carrier.

This implies that with this partnership, all these companies would be able to tokenize their equities.

Trend of Tokenizing Equities

The partnership comes as another boost for the bustling trend of tokenization. According to the report by 21 shares, about $5 trillion of stock market is going to be tokenized by 2030.

This comes on the backdrop of several benefits. Enhanced liquidity of the Capital with fractional ownership with real-time settlements are among the few. These are going to benefit the overall global economy as well.

Jupiter’s partnership isn’t the only effort going on in this. Dinari, Securitize, Polymath are among the few names making significant advancements to tokenize equities.

President Kassym‐Jomart Tokayev unveiled “CryptoCity,” a pilot zone slated for Alatau City (near Nur‐Sultan) designed explicitly as a regulatory sandbox for cryptocurrency usage in everyday transactions. Within this zone, registered businesses will be permitted to accept digital assets—ranging from Bitcoin and Ethereum to stablecoins—as payment for goods, services, real estate, and even public fees. T

Thus, with the Kazakhstan exchange particularly establishing a partnership with Jupiter, the tokenization of equities is set for further boost.

Disclaimer: The content may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.