Kazakhstan Central Bank Governor Timur Suleimenov said the country plans to issue tokenized government bonds in the first quarter of 2027, with the central bank and Ministry of Finance working together to advance the plan.
The plan builds on the first issuance of tokenized central bank notes: earlier this month, Kazakhstan sold 10 billion tenge worth of tokenized notes through the Kazakhstan Stock Exchange. The exchange said its digital asset platform uses the Solana blockchain, with custody infrastructure provided by BitGo; neither has confirmed involvement in the planned bond issuance. The planned bonds will represent Ministry of Finance debt, not central bank debt.
· What has been confirmed is the timeline, the division of responsibilities between the issuers, and which entity the debt belongs to; Solana and BitGo’s involvement has not yet been confirmed.
Would you look first at the size of this bond issuance, or the final list of on-chain settlement and custody providers?
The plan builds on the first issuance of tokenized central bank notes: earlier this month, Kazakhstan sold 10 billion tenge worth of tokenized notes through the Kazakhstan Stock Exchange. The exchange said its digital asset platform uses the Solana blockchain, with custody infrastructure provided by BitGo; neither has confirmed involvement in the planned bond issuance. The planned bonds will represent Ministry of Finance debt, not central bank debt.
· What has been confirmed is the timeline, the division of responsibilities between the issuers, and which entity the debt belongs to; Solana and BitGo’s involvement has not yet been confirmed.
Would you look first at the size of this bond issuance, or the final list of on-chain settlement and custody providers?
