Uzbekistan has launched a pilot for a blockchain-based token, Sleevecoupled with sovereign bonds and aimed at creating innovative methods for attracting foreign investments, simplifying domestic and international payments, increasing the transparency of financial transactions and setting up an even more attractive investment environment.
Asset-stewarded stability linked to UZS
The Humo -Token is supported by sovereign bonds, with its value directly linked to the Uzbekistan sum. By binding the sign to real assets and removing speculative elements, the pilot tries to demonstrate a feasible model for tokenization supported by the state.
In contrast to conventional crypto activa, Humo works in The existing legal framework of UzbekistanOffering regulated exposure to blockchain efficiency without the volatility risks that are usually associated with digital tokens.
It should be noted that the project fully complies with the Legislative requirements of the Republic of Uzbekistan With regard to the circulation of crypto assets.
Institutional cooperation and dual-stack implementation
The project is led by Humo, the national payment system of Uzbekistan, which more than 35 million cardholders and Maintains integrations with large banks And store infrastructure throughout the country. The national footprint of Humo gives the token a natural distribution base and immediate relevance in domestic payments.
On the technical side, the development is led by Asteriuma local crypto service company, and BroxusA blockchain infrastructure provider. The project is planned to be launched based on two technologies – EVM (Ethereum Virtual Machine) and TVM (Ton Virtual Machine).
The technological basis that has been chosen for TVM is Broxus’ TychoA protocol that provides support for high taxes, scalability and cost -effective transactions.
Strategic goals: transparency, efficiency and financial integrity
The token is designed to enable immediate settlement, to lower the cost infrastructure costs and to offer a transparent transaction record on a public blockchain. Officials behind the project also expect Humo to curb informal cash flows and improve the efficiency of the transition from Uzbekistan to an economy without cash.
“The launch of the Token token supported by Humo is an important step towards building an innovative and modern financial system in Uzbekistan,” said Alexey MaksimovChairman of Humo.
Komilkhuzha Sultonov, director of Asterium, emphasized the aspect of usability: “Our approach is not to disrupt blockchain in well -known financial workflows.”
Broxus -founder Sergey SHASHEV Added: “Tycho is designed for resilience of the public sector scalability and security are not optional; they are fundamental.”
A wider digital ambition
The Humo pilot is part of the wider digital route map of Uzbekistan, where Real-World assets-tokenization, Public Blockchain -Useand merge secure infrastructure. In the future, the blockchain platform created in this project could serve as a basis for the development of new digital services in Uzbekistan.
While emerging markets explore blockchain-supported financial aids, the Humo initiative of Uzbekistan could be a benchmark in regulated symbolic adoption-worshiped by tangible assets and driven by public-private partnerships.