The Astana Financial Services Authority (AFSA) has enacted the AIFC Tokenised Commodities framework.
The framework is focused on trading of Commodity Derivative Tokens and Environmental Instrument Tokens, which are part of the Investment Token scope, on Exchange platforms. It also covers the issuance of Commodity stablecoins that may be traded on Digital Asset Trading Facilities.
The new regulatory regime on tokenised commodities builds on AFSA’s efforts to create a strong infrastructure for both financial and commodities markets. By extending its regulatory perimeter to include tokenised instruments linked to commodities, the regime promotes market innovation, facilitates trading of new types of instruments, and encourages broader participation on digital asset and investment exchange platforms. This move further strengthens the AIFC's position as a leading hub for fintech and commodities trading.
The framework consists of the amendments to the following AIFC Acts:
The amendments to the Acts listed above come into effect on 18 October 2024.
Reference:
The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.
Over 3,200 firms from 82 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz
The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan's economy. https://aifc.kz/
Contact information:
Public Relations and Communications Division of AFSA: +7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]
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