Kazakhstan plans to issue tokenized government bonds in Q1 2027.
TechFlow reported on November 14 that according to CoinDesk, the Kazakhstan Central Bank plans to issue tokenized government bonds in cooperation with the Ministry of Finance. Central Bank Governor Timur Suleimenov stated that the issuance is most likely to take place in the first quarter of 2027.
Earlier this month, the Kazakhstan Central Bank sold 50 billion tenge worth of 91-day central bank bills through the Kazakhstan Stock Exchange, with 10 billion tenge issued in tokenized form, equivalent to approximately $22.3 million. The weighted average yield of the bills was 15.72%, with total demand reaching 1.4 times the issuance volume.
The exchange's digital asset platform uses the Solana blockchain, while BitGo provides the custodial infrastructure; it remains to be determined whether either entity will participate in the proposed government bond issuance.
