Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan’s national payment system HUMO has launched a pilot project for issuing the HUMO digital token, backed by government bonds of the Republic of Uzbekistan.

The new asset, issued by HUMO’s subsidiary HUMO Digital, has been officially registered in the Unified Register of Digital Assets of the National Agency for Perspective Projects (NAPP). Oversight of the token’s collateral and security is managed by the crypto depository Asterium.

The HUMO token is positioned as an innovative financial instrument designed to strengthen Uzbekistan’s trade and economic ties with CIS countries. With a solid foundation in the form of government bonds, the asset offers a high degree of stability, minimizing price fluctuation risks.

The project aims to create an alternative mechanism for cross-border settlements that combines reliability, transparency, and advanced technology. Given Uzbekistan’s developed financial infrastructure and the wide circulation of HUMO cards (with over 35 million users), the token is expected to simplify international payments and enhance the country’s investment appeal, particularly for business partners in Russia.

According to Maksad Mukhitdinov, Acting Chairman of the Board of the National Interbank Processing Center JSC, the issuance of the HUMO token is a natural continuation of the country’s digital transformation in the payment ecosystem. He emphasized that this step integrates advanced blockchain solutions into the national financial system while fully complying with security and regulatory standards.

Komilkhuzha Sultonov, Director of Asterium, highlighted that the project not only promotes innovation but also contributes to building a transparent and sustainable financial environment. He noted that the initiative opens new prospects for the development of Uzbekistan’s digital economy and strengthens Asterium’s position as a technological leader in the digital finance sector.

In its initial phase, the project will focus on testing use cases for the token in settlement and integration operations involving businesses and retail users. Future plans include listing on digital exchanges, integration with existing payment solutions, and expanding functionality for companies engaged in e-commerce and cross-border transactions.