💰 Kazakhstan plans to issue tokenized government bonds in 2027

On November 13, 2026, National Bank of Kazakhstan Chairman Timur Suleimenov announced plans at the Congress of Financiers in Almaty to issue tokenized government bonds jointly with the Ministry of Finance. The tentative timeline is the first quarter of 2027. This is an announcement; the issuance has not yet taken place.

The infrastructure has already been tested with another instrument: on November 9, the National Bank placed short-term notes worth 50 billion tenge, including 10 billion tenge in tokenized form on the Kazakhstan Stock Exchange (KASE) platform. The notes have a 91-day term, and the auction’s weighted average yield was 15.72% per annum.

The planned government bonds will be the next stage in the digitalization of the debt market, but the exact terms of the future issuance have not yet been announced.

Source: The Astana Times, November 13, 2026.
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