News & Press Releases
Gantulga Bulgan named as CEO of Ulaanbaatar Securities Exchange
Gantulga Bulgan was appointed as the CEO of Ulaanbaatar Securities Exchange JSC. Starting his career at XacBank, Gantulga has over 20 years of working in the private sector, during which he successfully managed companies that are among the TOP 100 enterprises in Mongolia.
INVESTOR NATION – WEALTH FUND SUCCESSFULLY CLOSED ITS IPO
The initial public offering of Investor Nation – Wealth Fund, a new open-ended mutual fund in the Mongolian capital market, has ended successfully. Ard Management, the founder of the National Privatization Fund, the first closed-end mutual fund in Mongolia, manages the fund. Investor Nation Fund raised MNT2.85 billion from 912 investors.
iDAX Exchange receives Virtual Asset Service Provider license.
ArdCoin’s native exchange, iDAX, fully met the above requirements and is now officially registered as a Virtual Asset Service Provider (VASP) with the Financial Regulatory Commission.
INVESTOR NATION – WEALTH FUND IPO
Mongolia’s first open-ended mutual fund launches its IPO on the stock market. Ard Management, which founded and successfully managed the first closed-end mutual fund – the National Privatization Fund, is behind this initiative.