National Bank of Kazakhstan to sell securities via blockchain-based app

posted 2 months ago
Kazakhstan's central bank plans to sell its short-term notes to retail investors using a mobile application based on blockhain technology, the bank said on Tuesday, as part of its plan to simplify securities trading in the Central Asian nation.

Investors will be able to buy notes with a face value of 100 tenge (about $0.3) directly with no commission and no brokers involved, the bank said in a statement, adding that it planned to launch the system in the second half of this year.

"In the future, these solutions could be used to place other securities, for example, during IPOs targeted at retail investors," it said.
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