According to inbusiness.kz, the National Bank of Kazakhstan has acted as an issuer of digital financial assets for the first time, placing short-term notes in tokenized form on the Kazakhstan Stock Exchange platform.
The auction took place on November 9. Investors were offered securities worth 50 billion tenge, with 10 billion tenge accounting for tokenized notes. The weighted average yield was 15.72% per annum. The notes have a maturity of 91 days, with settlement and circulation scheduled to begin on November 11.
A key feature of the placement was that notes from a single issue were offered to investors simultaneously in two formats — traditional and tokenized. Total demand at the auction reached 70.2 billion tenge, exceeding the offered volume by 1.4 times. Clearing and settlement are handled by the KASE Clearing Center, while holders’ rights are recorded on the KASE platform and reflected in the Central Securities Depository’s registry system.