In 2024, $3.1 billion was attracted through the International Financial Center "Astana"
Author - Mansur Ismagulov
The Tech AI
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In 2024, the MFSA attracted $3.1 billion in investments, of which $2.1 billion were portfolio investments. Over the entire period of its operation, $14 billion has been attracted, and more than 3,500 companies from 85 countries have been registered. The volume of digital asset trading in the FinTech Lab grew to $800 million, and the number of clients exceeded 140,000. Binance and Bybit have completed their migration to the full regulatory regime.
The International Financial Center "Astana" has summarized its results for 2024. The volume of investments attracted through the AIFC platform in 2024 amounted to $3.1 billion, of which $2.1 billion were portfolio investments on the Astana International Exchange and $1 billion were investments from AIFC participants. Over all years of operation, $14 billion has been attracted.
In the past year, more than 1,100 new participating companies were registered in the AIFC. In total, more than 3,500 companies from 85 countries have been registered, including the United States, the United Kingdom, China, Turkey, Singapore, and others. Among the companies registered in 2024, financial companies accounted for 36%. The information and communications sector accounted for 10%, professional, scientific, and technical activities for 8%, mining for 8%, auxiliary service providers for 1%, wholesale and retail trade companies for 18%, and the remaining 19% were represented by other non-financial sectors.
Work continues on the development of the Tech Hub as an innovation center attracting projects from various fields. For example, the Tech Hub supported White Hill Capital in preparing an acceleration program aimed at scaling startups in the MENA region.
This year, four new digital asset exchanges were registered in the FinTech Lab regulatory sandbox, and successful migrations of crypto exchanges Binance and Bybit from the FinTech Lab regulatory sandbox to full regulatory status occurred. More than 112 instruments are now allowed for trading on digital asset exchanges. In 2024, the trading volume of digital asset service providers within the FinTech Lab regulatory sandbox exceeded $800 million, and the number of served clients amounted to more than 140,000 people. For comparison, in 2023, the trading volume was $324 million, and the number of clients was 53,000, reflecting more than a twofold increase in both trading volume and client base.
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