KASE issues Kazakh securities as tokens on the Solana blockchain

The Kazakhstan Stock Exchange (KASE) has started tokenizing securities to simplify foreign investors’ access to Kazakh assets and reduce transaction costs. KASE Deputy Chairman of the Management Board Mikhail Grishko announced this at a panel session of the Moody’s Kazakhstan and CIS Summit. The tokens are issued on the Solana public network, while the assets are held by BitGo, a custodian with a US National Trust license and insurance. Foreign investors will be able to buy tokenized securities directly through the platform with minimal costs, unlike traditional tenge instruments. For issuers, tokenization simplifies the issuance process: companies can register digital debt instruments directly through the platform operator without complex administrative procedures. Asset fragmentation allows securities to be divided not only by face value but also by maturity, giving investors the opportunity to buy individual coupons. All transactions undergo AML checks, preventing the anonymous circulation of funds.