Nasdaq Dubai and AIX CSD, the central securities depository of the Astana International Exchange, have launched a direct CSD link to enhance regional market connectivity. This initiative, announced during the Capital Market Summit 2025 hosted by Dubai Financial Market (DFM), aims to improve post-trade settlement efficiency for cross-listed securities.

The Memorandum of Understanding (MoU) between Nasdaq Dubai and AIX CSD outlines a collaborative framework for the trading and settlement of dual-listed securities on both exchanges. Market participants will be able to hold shares in these securities within either CSD and trade them seamlessly across both platforms. This new cross-border infrastructure will facilitate the efficient transfer of securities between the UAE and Kazakhstan, creating a more accessible investment environment for both issuers and investors.

The partnership is expected to provide additional investment opportunities, enhance market liquidity, and deepen capital market integration between the UAE and Central Asia. By promoting dual listings and streamlining the securities settlement process, both exchanges are paving the way for increased participation, improved operational efficiency, and greater access to capital flows.

Hamed Ali, CEO of Nasdaq Dubai and DFM, emphasized that this collaboration is a significant advancement in enhancing cross-border capital markets infrastructure. He stated, “By establishing a direct link between our central securities depositories, we are unlocking new opportunities for issuers and investors, facilitating dual listings, improving market accessibility, and enhancing market liquidity and accessibility.”

Assel Mukazhanova, CEO of Astana International Exchange (AIX), highlighted that this development positively impacts investment opportunities across the GCC and Central Asian regions. She noted that the two-way link with Nasdaq Dubai CSD is driven by the needs of both issuers and investors.

This link marks a key milestone in advancing cross-border market collaboration, strengthening economic and financial ties between the UAE and Kazakhstan. By improving operational infrastructure and enabling seamless capital movement, the partnership supports broader market participation, positioning both Dubai and Astana as innovative hubs in the global financial landscape.

AIX, formed in 2017 within the Astana International Financial Centre framework, aims to develop an active capital market in Kazakhstan and the region by providing favorable conditions for attracting financing. The exchange operates under a regulatory framework based on English Law, ensuring a reliable investment environment.

Nasdaq Dubai serves as the international financial exchange for the region between Western Europe and East Asia. It lists a variety of financial instruments, including shares, derivatives, Sukuk, conventional bonds, and Real Estate Investment Trusts (REITs). The Dubai Financial Market holds a two-thirds stake in Nasdaq Dubai, while Borse Dubai owns the remaining third. The Dubai Financial Services Authority (DFSA) regulates Nasdaq Dubai.