Kazakhstan’s Digital Tenge CBDC Officially Launched (NBRK)
The National Bank of the Republic of Kazakhstan (NBRK) announced that its digital tenge central bank digital currency (CBDC) has officially launched. The digital tenge is now legal tender in Kazakhstan, with the NBRK as the sole issuer, and interaction with it facilitated through financial market participants. [Source: NBRK]
SG-FORGE and SWIFT Move Forward in Digital Asset Interoperability (SG-Forge)
Societe Generale-FORGE (SG-FORGE) and SWIFT completed a trial involving the exchange and settlement of tokenized bonds using both fiat and digital currencies. The EUR CoinVertible, a stablecoin issued by SG-FORGE that is compliant with European Markets in Crypto-Assets (MiCA) regulations, was integrated with SWIFT’s interoperability capabilities to connect blockchain platforms with traditional payment systems. The initiative demonstrated several market operations including issuance, delivery-versus-payment settlement, coupon payments, and redemption. SG-FORGE provided its open-source Compliance Architecture for Security Tokens (CAST) framework and the EUR CoinVertible stablecoin, which became the first on-chain settlement asset natively compatible with SWIFT’s infrastructure. The trial, conducted with participating banks, showed that tokenized bonds can utilize existing payment systems while incorporating ISO 20022 standards. [Source: SG-FORGE]
Upcoming Speaking Engagements:
The Digital Euro Conference 2026 (Frankfurt, March 26) will explore the future of money with a focus on CBDCs, stablecoins, and commercial bank tokens. This hybrid event offers the perfect platform to understand the future of digital money! [Register here and get 20% off the regular ticket price by using the Kiffmeister20 code!]
I produce a monthly digest of digital fiat currency (DFC) developments exclusively for the official sector (e.g., central banks, ministries of finance and international financial institution (e.g., the BIS, IMF, OECD, World Bank)) plus academics and firms that are active in the DFC space (commercial banks, technology providers, consultants, etc.). (DFCs include central bank digital currency (CBDC), stablecoins and tokenized deposits.) It goes out via email on the first business day of every month, and if you’re interested in being on the mailing list, please email me at john@kiffmeister.com.
