Kazakhstan Targets Q1 2027 Launch for Tokenized Government Bonds Following $22.3M Note Sale

Kazakhstan plans to issue tokenized government bonds by the first quarter of 2027, following the National Bank of Kazakhstan’s debut sale of $22.3 million (10 billion tenge) in tokenized short-term central bank notes.
Announced by National Bank Governor Timur Suleimenov, the upcoming issuance will be developed alongside the Ministry of Finance to bring sovereign debt onto blockchain rails. The earlier pilot offering—conducted through the Kazakhstan Stock Exchange (KASE) digital financial assets platform on $SOL with BitGo providing custody—drew 1.4 times demand relative to supply at a weighted average yield of 15.72%.