Andrii Zhurzhii, founder of the REIT company Inzhur, has announced the establishment of a new Ukrainian stock exchange — Inzhur Exchange. The company shared the news with Scroll.media.

The exchange was officially founded on November 5, and work is now underway to prepare the necessary documents to obtain a license from the National Securities and Stock Market Commission (NSSMC). According to Zhurzhii, this marks the beginning of efforts to create a full-fledged Ukrainian stock exchange.

«Although various exchanges have existed in Ukraine for decades, none has managed to unlock the potential of the Ukrainian stock market. None has become a platform where Ukrainian companies can raise capital by issuing their own securities or where investors can safely invest to earn returns,» said Andrii Zhurzhii, commenting on the initiative.

• The goal of the Inzhur Exchange, Zhurzhii explained, is to provide local companies with access to capital and enable private investors to purchase shares in Ukrainian businesses.
• The launch process will take several months to complete. Inzhur has already engaged legal advisors to handle the licensing process with the NSSMC and to develop the necessary regulatory and operational documentation.