KASE presented a platform for issue and circulation of digital financial assets

KASE presented the platform for issue and circulation of digital financial assets, which will become part of the emerging regulated infrastructure of Kazakhstan's digital market.

The presentation was attended by Chairman of the National Bank of the Republic of Kazakhstan (NBRK) Timur Suleimenov.

The KASE's platform is a digital infrastructure for issue, recording, circulation and settlement of digital financial assets in regulated environment. The solution covers the entire asset lifecycle: from initial placement to secondary circulation and fulfilment of obligations to investors.

Previously, NBRK included KASE into the register of digital platform operators in two categories: digital financial asset platform operator and digital asset trading platform operator. This confirms the Exchange's role in development of a new segment of Kazakhstan's digital asset market.

"KASE has been a key institution in the domestic capital market for many years, ensuring transparency, reliability and high operating standards. It is logical that the national stock exchange is becoming one of the first participants of the new market", noted Timur Suleimenov.

The meeting also presented the concept of tokenizing the short-term NBRK notes as an independent financial instrument. The model includes issue of digital notes among second-tier banks with circulation on the KASE platform and settlements conducted within the unified digital infrastructure.

"This will improve transparency of transactions, speed up the settlements, and expand investor access to government instruments. The expected impact includes transition to issue of an instrument in digital format, expanding the access through a regulated digital perimeter, reducing the settlement time to T+0, and enabling 24/7 operations", said KASE Chairman Adil Mukhamejanov.

The Exchange's digital asset platform has already been developed and is preparing for regulated launch. Basic instruments will be available initially, and the infrastructure will subsequently allow expansion of the range of financial products and development of new market segments.