Summary of kenotes at the #Baltic #Capital #Markets conference by Marius Jurgilas , founder of our portfolio company Axiology
🌍 Baltic Capital Markets Conference 2024 Today, we gathered for the Baltic Capital Markets Conference, celebrating a pivotal moment for #financial #innovation and collaboration in the region. Arvils Aseradens, Minister of Finance of Latvia, underscored the necessity of building future value models that resonate with societal agreement. Emphasising the importance of a robust capital market union, he highlighted the impressive growth in Latvia's corporate bond market, with issuances soaring to €500 million this year—a remarkable 60% year-on-year increase! This sets a strong precedent for future IPOs, including significant listings from state-owned companies like Air Baltic and major telecoms. Mārtiņš Kazāks, Governor of the Bank of Latvia, shared an optimistic outlook for the bond market and the potential for innovation within financial markets. Despite the challenges of limited capital market participation (with only 11 listed companies), he believes that a more active public sector presence could reinvigorate the landscape. The bond market, now at 4% of GDP, stands as a testament to our potential for resurgence and collaborative efforts in elevating capital efficiency and financial literacy. Roberts Idelsons, CEO of Signet Bank, emphasised the criticality of enhancing financial literacy among both issuers and investors to boost bond market participation. Coupled with the right regulations and a taxation framework that supports market growth, this can pave the way for future successes. Lastly, Roland Chai, President of Nasdaq European Market Services, pointed out the importance of retail investor participation and establishing a single Central Securities Depository (CSD) for the region. He urged for an inclusive ecosystem that attracts offshore capital while actively supporting our SMEs, the cornerstone of our future economic growth. Next on stage we will discuss the power of retail investor and I will share how Axiology continues to innovate and drive the transformation of capital markets through our DLT platform, we are inspired by these discussions and reafirm our commitment to fostering productive, sustainable investments across the Baltic region. Together, we can make significant strides towards a more integrated and accessible capital market landscape. Thank you Rudolfs Engelis for the invitation and moderation of our pannel! https://lnkd.in/g-bZSa3D #Axiology #CapitalMarkets #SustainableInvestments #FinancialInnovation #Latvia #Lithuania #Estonia #BalticRegion #DLT #BondMarket Sorainen