- Lazard’s move into asset tokenization opens retail access to previously exclusive global equity funds.
- Bitfinex and SkyBridge collaboration boosts blockchain efficiency, offering faster, secure settlements for investors.
- Kazakhstan’s AFSA-backed tokenized funds from Lazard mark a pivotal shift in merging traditional and digital finance.
Lazard, the massive global financial services company managing $245 billion in assets, is entering the digital finance sector. Alongside Bitfinex Securities and SkyBridge Invest, the company intends to provide tokenized investment funds within Kazakhstan’s regulatory framework.
This collaboration, which has the backing of the Astana Financial Services Authority (AFSA), will allow retail users to access funds previously limited to professional investors.
Regulatory Framework and Collaboration in Kazakhstan
The tokenized funds will operate under Kazakhstan’s financial services laws, with oversight from AFSA. Bitfinex Securities will handle the tokenization, while SkyBridge Invest will act as both broker and fund manager. SkyBridge Invest, based in Kazakhstan, is distinct from SkyBridge Capital in America.
Bitfinex Securities functions as an authorized trading platform in El Salvador and Kazakhstan, offering a safe space for individual investors keen on tokenized assets.
Broader Access to Lazard-Managed Funds
Previously, Lazard-managed funds focused on global and emerging market equities were exclusive to institutions and professional investors. However, this collaboration opens up new opportunities for retail investors.
Using a “fund of funds” model, Lazard’s tokenized products aim to diversify access to these equity markets, making investment more inclusive and accessible.
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Enhanced Efficiency and Liquidity through Blockchain
Matthias Kruse, Lazard’s managing director, emphasized the efficiency benefits of asset tokenization. By moving investments to blockchain technology, Lazard expects quicker settlement times, better liquidity, and lower operational costs. Tokenization also promises to make fund management more adaptable and responsive to investor needs.
A Growing Market in Asset Tokenization
This partnership aligns with the growing trend in asset tokenization. Traditional finance leaders, including BlackRock and HSBC, have recently entered this space, highlighting its rising popularity. Industry estimates predict the Real-World Asset (RWA) tokenization market will reach multi-trillion-dollar valuations in coming years.
With Lazard’s extensive global reach, the partnership could accelerate the adoption of digital finance solutions among traditional financial institutions and retail investors alike.
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