Wall Street Financial Services Firm Lazard Plans to Create Tokenized Funds with Bitfinex Securities

Lazard (LAZ), a 175-year old global financial services and asset management company, is the latest among traditional financial players jumping on the asset tokenization trend, planning to create tokenized funds with Bitfinex Securities and SkyBridge Invest. The tokenized funds will be set up and issued under Kazakhstan's financial services law, under regulatory oversight of Astana Financial Services Authority (AFSA), where SkyBridge and Bitfinex are licensed to operate. The products will be available to retail users, but with certain geographic limitations, and available to be purchased with Tether's stablecoin (USDT).

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