Kazakhstan to tokenize Iconic Tower complex in Alatau by end of 2026

September 15, 2026 at 10:53 AM2 min

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Kazakhstan plans to tokenize the Iconic Tower complex in Alatau city for up to $50 million by the end of 2026, National Bank Chairman Timur Suleimenov said on September 15. The project will be implemented through the National Bank's regulatory sandbox and KASE infrastructure. A logistics center Birlik is also slated for tokenization at up to $10 million.

Key Facts

The Iconic Tower complex in Alatau city is planned for tokenization at up to $50 million by the end of 2026.
The Birlik logistics center is planned for tokenization at up to $10 million by the end of 2026.
Both projects will be implemented through the National Bank's regulatory sandbox and KASE infrastructure.
KASE has already received the status of operator of a digital financial assets platform and a digital assets trading platform.
In the first half of 2026, 34,000 transactions worth 20.5 billion tenge were concluded on bitcoin futures ETFs, and 650 transactions worth 1 billion tenge on new ETFs for three crypto assets.

Tokenization Projects

The National Bank of Kazakhstan plans to launch tokenization of the Iconic Tower complex in Alatau city for up to $50 million by the end of 2026. A second project, the Birlik logistics center, is planned for tokenization at up to $10 million. Both projects will be implemented through the National Bank's regulatory sandbox and the infrastructure of the Kazakhstan Stock Exchange (KASE). The Iconic Tower is part of the Gate District business area in the smart city of Alatau. Construction of the skyscraper will be carried out by Alatau City Iconic Complex, associated with businessman Yuri Tskhai, with China State Construction Engineering Corporation as the main contractor.

Digital Asset Market Development

Kazakhstan's digital asset market is transitioning from pilot projects to licensed activities, according to National Bank Chairman Timur Suleimenov. KASE has already received the status of operator of a digital financial assets platform and a digital assets trading platform. In the first half of 2026, 34,000 transactions worth 20.5 billion tenge were concluded on bitcoin futures ETFs. New ETFs for three crypto assets recorded 650 transactions worth 1 billion tenge in the same period. Three licensed operators of unsecured digital asset exchange are currently operating, with a turnover of about 2 billion tenge in the first two months, and five more companies are undergoing licensing.

Regulatory Framework

The National Bank plans to expand the capabilities of licensed providers and allow the use of stablecoins issued in Kazakhstan for payment of goods and services, export-import operations, and cross-border transfers. A special tax regime will be created for digital asset operations. A Committee on Digital Assets and Payment Systems will be formed under the National Bank. The concept of Tokenization by Default will be developed for Alatau city, using digital instruments to finance urban infrastructure and investment projects. A common national digital asset market will be formed, uniting the capabilities of the national regime, the Astana International Financial Centre, and Alatau City.