Kazakhstan plans tokenised government bonds in Q1 2027 after a partly tokenised note sale

Kazakhstan aims to issue tokenised government bonds, most likely in the first quarter of 2027, National Bank governor Timur Suleimenov said at the 14th Congress of Financiers in Almaty, according to a central bank statement reported by CoinDesk. The bonds would be Finance Ministry debt, issued with the National Bank.

Earlier in November the National Bank sold 50 billion tenge (about $112 million) of 91-day notes on the Kazakhstan Stock Exchange, of which 10 billion tenge (about $22.3 million) was tokenised. The notes carried a weighted average yield of 15.72%, and demand reached 1.4 times the amount offered.

KASE's digital asset platform runs on Solana, with custody from BitGo; neither has been confirmed for the bond issue. In October the National Bank tapped Tether to explore stablecoins and asset tokenisation.