Kazakhstan plans to issue tokenized government bonds in Q1 2027.

BlockBeats news, November 14 — 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, announced the plan at the 14th Financiers' Congress in Almaty. He said the central bank plans to work with the Ministry of Finance to advance the issuance, with the specific timing "highly likely" to fall in the first quarter. The move builds on Kazakhstan's just-completed first sale of tokenized central bank notes this month, a transaction worth about $22.3 million.

Previously, the National Bank of Kazakhstan issued 91-day notes totaling 50 billion tenge (about $112 million) through the Kazakhstan Stock Exchange (KASE), including 10 billion tenge in tokenized form. The weighted average yield on these notes was 15.72%, and total demand reached 1.4 times the issuance volume. KASE's digital asset platform uses the Solana blockchain and BitGo provides custody infrastructure.