Kazakhstan’s National Bank to launch digital bullion coin

During the Congress of Financiers of Kazakhstan, the country’s National Bank announced the launch of a digital bullion coin in the first quarter of 2025. According to the regulator’s website, transactions with the coin will be available via the Tabys mobile app developed by the Astana International Exchange (AIX).

The coin’s value at any given moment is expected to be calculated in tenge based on three parameters: its weight, the gold price on the London Bullion Market Association (LBMA) and the tenge-to-US dollar exchange rate established by the National Bank.

One will be able to buy the coins, sell them back to the National Bank, gift them or keep them as savings. Once the required quantity is accumulated, digital coins can be exchanged for physical gold counterparts at local branches of the National Bank.

The physical bullion coin has been named «ÚKI.» It will be made of 999.9 fine gold (Au) and weigh 31.1 grams. The nominal value of a coin will be 100 tenge.

Currently, Kazakhstani citizens can choose from several series of physical bullion coins issued by the National Bank, each featuring coins with different nominal values. These coins can only be bought or sold through local branches of the regulator.