Custom blockchain company Waves today announced a strategic partnership with IFCA, Astana’s International Financial Center, based in Kazakhstan. The memorandum of cooperation was signed at the CryptoHQ event, within the framework of the World Economic Forum currently being held in Davos, at which Waves also has a presence.

The goal of the partnership is the creation of an advanced ecosystem for financial technologies using the latest blockchain technologies.

One of the purposes of the collaboration will be to support start-up companies as they engage with new financial and blockchain technologies, providing them with access to Waves blockchain solutions. Waves will also help attract foreign startups to the IFC Acceleration Program and conduct training events.

“We are confident that our partnership will bring to Kazakhstan the most advanced practices in the field of blockchain technologies and will turn IFCA into one of the most innovative centers for the development of industry in the world. Thanks to the experience accumulated in the framework of our cooperation, we will also be able to replicate the best solutions, which will have a positive impact on the development of the entire blockchain ecosystem in the CIS,” says Alexander Ivanov, CEO, and founder of the Waves Platform.

The Waves team believes that the partnership could represent a significant step towards the normalization and adoption of blockchain technology at the state level, as well as by individual businesses and industries.

“Cooperating with the Waves Platform, AIFC provides Kazakhstani start-ups with a unique opportunity to develop projects at a new technological level, thereby this initiative to allow the promotion of blockchain technologies in Kazakhstan. Cooperation with such fast-growing companies, leaders in their field, gives AIFC a huge advantage for training professionals in the field of development of innovative solutions for the financial services industry using elements of blockchain technology,” pointed out Assel Zhiyenbayeva, Chief Digital Officer, AIFC.