Kazakhstan has announced the launch of the 'Solana Economic Zone', aimed at establishing a blockchain hub in Central Asia and advancing Web3 technologies. This step signifies a collaboration with Solana, highlighting the country's ambitions in digital technologies.
Launch of the 'Solana Economic Zone'
Kazakhstan is initiating the creation of the 'Solana Economic Zone', which will function as a technology accelerator, similar to Dubai's Crypto Centre. Kazakhstan’s Digital Development Minister, Zhaslan Madiyev, welcomed the move as important for the country's economy and the global crypto ecosystem. 'We build resilient digital infrastructure,' Madiyev stated.
Three Pillars of Development
The Economic Zone aims to achieve three key goals. First, it focuses on developing tokenized capital markets. A pilot project will integrate tokenized products with the Astana International Exchange (AIX) with the help of Solana Foundation, Jupiter, and Intebix. Second, it aims to create a Web3 developer community with local universities, emphasizing training in the Rust programming language. Third, it provides infrastructure and incentives for blockchain companies.
Benefits for Kazakhstan's Economy and Global Crypto Ecosystem
This partnership aligns with Solana’s vision and strengthens international relations. Kazakhstan is boosting its role in the digital economy by offering regulatory support and infrastructure access to attract blockchain companies.
The creation of the 'Solana Economic Zone' in Kazakhstan underscores the country's commitment to advancing digital technologies and attracting international investment in the blockchain sector.
