Kazakhstan plans to issue tokenized government bonds in the first quarter of 2027.

Kazakhstan plans to issue tokenized government bonds in the first quarter of 2027 to further expand its digital asset infrastructure in the sovereign debt sector. The country’s central bank governor Timur Suleimenov unveiled the plan at the 14th Financiers’ Congress held in Almaty. He noted that the central bank will collaborate with the Ministry of Finance to advance the issuance, with the timing “very likely” falling in Q1. The move builds on Kazakhstan’s first tokenized central bank note sale completed earlier this month, which was valued at approximately $22.3 million. Prior to this, the National Bank of Kazakhstan issued 91-day notes totaling 50 billion tenge (around $112 million) via the Kazakhstan Stock Exchange (KASE), including 10 billion tenge in tokenized form. The weighted average yield of these notes stood at 15.72%, and total demand reached 1.4 times the issuance volume. KASE’s digital asset platform runs on the Solana blockchain, with BitGo providing custody infrastructure.