New products under FinTech Lab

AFSA invites all licensed Digital Asset Service Providers participating in FinTech Lab to pilot new categories of digital asset products and services. The list below is an example and may be extended to embrace more options, reflecting AFSA’s commitment to support ongoing innovation.

• Digital Asset Margin Trading: Participants can test services that allow users to borrow money to trade digital assets. The borrowed funds are secured using the user’s digital assets or other types of collateral. This allows users to trade with more capital than they actually own.

• Digital Asset Derivatives: Participants can test trading tools like options, futures, or contracts based on the price of digital assets. These products can help manage price risks or generate profit from price movements. In the sandbox, such products are available to professional clients only.

• Staking Services: Participants can test services where clients lock their digital tokens for a certain period to help support a blockchain network. In return, they earn rewards, which are then shared with the clients.

• NFT Trading and Related Activities: Participants can test platforms where users buy, sell, or exchange unique digital items (NFTs), such as digital art, music, collectibles, etc.

• Digital Asset Loans: Participants can test platforms that offer loans in digital assets. These loans are secured by digital assets or other acceptable types of collateral.

• Liquidity Mining / Yield Farming: Participants can try out ways to invest clients’ digital assets into decentralized finance (DeFi) platforms to earn rewards. The earned rewards and profits are then shared with the clients.

• Other Derivatives and Services (Peer-to-Peer, Derivatives, etc.): Participants can explore and test other digital asset products and services, like peer-to-peer trading platforms, automated trading bots, or synthetic assets. All these must follow the current AIFC regulations and AFSA’s risk management rules.

The Notice applies only to sandbox participants, for full-scale operations, please refer to: AFSA – Astana Financial Services Authority » Supervision