Lazard Joins Asset Tokenization Trend with New Investment Funds

TL;DR
- Lazard is entering the asset tokenization space by collaborating with Bitfinex Securities and SkyBridge Invest to create tokenized funds accessible to retail investors.
- The funds will comply with Kazakhstan's regulations and can be purchased using $USDT, aiming to enhance efficiency and liquidity in financial services.

Lazard, a global financial services firm with a 175-year history, is making a significant move into asset tokenization. By partnering with Bitfinex Securities and SkyBridge Invest, Lazard aims to create tokenized funds that comply with Kazakhstan's financial regulations, making them accessible to retail investors. These funds can be purchased using $USDT, the stablecoin tied to the US dollar, marking a new opportunity for individual investors.

The tokenized funds will be structured under the supervision of the Astana Financial Services Authority (AFSA). Bitfinex Securities will manage the tokenization process, while SkyBridge will act as the broker. This initiative allows Lazard to extend its services to a broader audience, previously limited to professional investors.

Matthias Kruse, managing director at Lazard, emphasized that tokenization enhances efficiency and reduces operational costs. The trend of asset tokenization is gaining traction, with major banks and asset managers entering the market. Analysts predict that the real-world asset (RWA) market could become a multi-trillion dollar industry in the coming years.

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