The post Kazakhstan Joins the Crypto Race with Solana-Powered Economic Zone appeared first on Coinpedia Fintech News Kazakhstan has taken a major leap in digital innovation by launching the first-ever Solana Economic Zone in Central Asia. This bold move is designed to attract Web3 companies, promote tokenized finance, and accelerate the integration of advanced digital technologies into the country’s economic infrastructure. Solana Economic Zone in Kazakhstan The announcement was made at the Astana International Forum 2025, where Kazakhstan officially unveiled the Solana Economic Zone (SEC KZ). The event focused on future-driven discussions around technology, investment, and the development of Web3 ecosystems. A spokesperson from the Solana Foundation said : “We look for people and companies, and countries that really want to partner in that vision and bring the next generation of financial infrastructure and also financial opportunity to their people, to their country. And that is the type of partner we found here in Kazakhstan.” The Solana Foundation has signed an MOU with Kazakhstan's MDAI following the launch of the first Solana Economic Zone in Central Asia This partnership will advance tokenized capital markets, crypto developer education, and resources for Solana startups based in the region. pic.twitter.com/TgR0SDN66H — Solana (@solana) June 21, 2025 Key Objectives of Solana in Kazakhstan Tokenization in Finance SEC KZ aims to integrate tokenized financial instruments into Kazakhstan’s capital market infrastructure. Web3 Innovation & Education The Ministry of Kazakhstan will partner with Solana to launch a national educational program, enhancing blockchain engineering skills across the country. Attracting Global Web3 Companies Kazakhstan plans to provide infrastructure access, regulatory clarity, and business incentives to onboard international Web3 firms. Rising Global Interest in Solana As of June 2025, Solana (SOL) is trading at approximately $147 with a market cap of $77.58 million. With rising institutional adoption, Solana is becoming a strong contender among treasury assets—possibly even outperforming Bitcoin and Ethereum . Notably, Wyoming’s upcoming state-issued stablecoin , expected to launch on August 20, is set to be powered by Solana, further boosting investor confidence. Kazakhstan: The Emerging Crypto Hub of Asia Kazakhstan is quickly rising as a crypto leader in Asia. In recent months, the country has: Launched a crypto payment card Piloted a central bank digital currency (CBDC) Advanced developments in stablecoins and tokenized finance Now, with the launch of the Solana Economic Zone, the nation is doubling down on its crypto-forward strategy. Final Thought By collaborating with Solana, Kazakhstan is taking a bold step to advance tokenized capital markets, support crypto education, and build a Web3-ready economy. 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The Solana Economic Zone (SEC KZ) is Central Asia’s first, launched by Kazakhstan to attract Web3 companies, promote tokenized finance, and integrate advanced digital technologies. Why is Kazakhstan becoming a crypto hub? Kazakhstan is emerging as a crypto leader by launching a crypto payment card, piloting a CBDC, advancing stablecoins, and now establishing the Solana Economic Zone. Is Kazakhstan a crypto-friendly country? Yes, Kazakhstan is increasingly crypto-friendly. It has established a comprehensive regulatory framework, licenses crypto exchanges, is piloting a CBDC, and recently launched the Solana Economic Zone to attract Web3 innovation.
