Solana Foundation, Jupiter, AIX, and Interbix signed an MoU yesterday to explore dual listing mechanisms and support companies seeking to pursue IPOs.  The MoU outlined a framework for collaboration to assess if companies could list their securities on AIX and offer a tokenized listing on Interbix powered by the Solana blockchain and Jupiter. 

According to Astana International Exchange (AIX) CEO Assel Mukazhanova, the partnership will unlock new efficiencies, increase access to capital markets, and give companies and investors the best traditional and digital asset ecosystems.

The MoU aims to explore dual listing mechanisms and blockchain integration

The parties involved in the MoU committed to work together to explore the technical and commercial aspects of the mechanism. The parties demonstrated a shared vision to create a robust, transparent, secure dual listing framework.

“This agreement marks a significant step toward the convergence of conventional capital markets and next generation blockchain based platforms. By joining forces, we are shaping an environment where innovation and trust go hand in hand.”

–Assel Mukazhanova, CEO of AIX

Jupiter said implementing the dual listing mechanism would begin a better approach to IPOs. Companies would be set to go public on AIX, Kazakhstan’s stock exchange platform while issuing tokenized versions of their assets through Interbix.  The assets would be managed by Solana’s blockchain technology and Jupiter’s robust decentralized set of financial tools.

Solana Foundation revealed that the MoU blended the credibility and reach of regulated public markets with the transparency and efficiency of blockchain networks. According to the company, the hybrid model would attract a wide range of investors, align capital markets operations, and create better access to liquidity, all with a secure and compliant framework. 

Talgat Dossanov, CEO of Interbix, commented that the MoU marked a transformative step for Kazakhstan and global markets. He added that the company is committed to bridging the gap between traditional finance and blockchain innovation. He continued to say that enabling tokenized listing alongside conventional IPOs lays the foundation for a new era of capital formation.

Solana Foundation reveals a hybrid model with AIX, Jupiter, and Interbex at the Solana Economic Zone event

The event, which was hosted by Forma, took place yesterday at the Solana Economic Zone. It aimed to showcase Kazakhstan’s growing status as a hub for blockchain innovation. Astana International Financial Centre (AIFC), which has over 3,800 registered global companies, reiterated the partnership’s role as a bridge between traditional finance and the emerging world of blockchain-enabled capital markets.

“ Capital markets are moving online beyond the borders of any country or exchange. We’re proud to collaborate with AIX to create a regulatory framework that supports next generation IPO paths, including dual listings and other internet native methods.”

-Akshay BD, non-CMO of Solana Foundation

Kash Dhanda, Jupiter’s COO, noted that Kazakhstan’s leadership signaled a future of capital formation with on-chain transparency and interoperability. He added that Jupiter is committed to collaborating closely to define compliant and scalable frameworks for decentralized finance. 

Solana token SOL is currently trading at $163.64, down by 5.24% today, while Jupiter token JUP is trading at $0.5715, down by 5.33% today.  

Jupiter, the leading decentralized exchange aggregator on the Solana blockchain, recently revealed a new lending protocol at the Solana Accelerate conference. According to Jupiter, the feature will be powered by partnering with Fluid, an Ethereum liquidity layer. 

The Jupiter project distributed 700 million tokens worth about $580 million to users, stakers, and contributors based on trading activities after airdropping nearly 1 billion JUP tokens in 2023. 

Solana Foundation recently announced another MoU with Superstate technology company, focusing on modernizing capital markets via blockchain infrastructure. Superstate was set to act as the primary agent for SOL strategies by providing the platform and infrastructure to issue tokens that represent Solana’s common stock. 

Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot