The national payment system HUMO has launched a new project to issue a digital token backed by government bonds of Uzbekistan. The token is issued by HUMO Digital, a subsidiary of the payment system, and aims to support the development of financial technology in the country.
The HUMO token has been officially registered in the Unified Electronic Register of Crypto-Assets by the National Agency for Prospective Projects (NAPP). The Asterium crypto depository is responsible for monitoring the collateral and safekeeping of the government bonds that back the token. This backing is intended to reduce price volatility and ensure token stability.
The token is designed to help attract foreign investment, simplify business payments, and support transparency in financial operations. It allows for fast fiat conversion without intermediaries, reduced transaction costs, and secure recordkeeping using blockchain technology.
The project is currently in a testing phase. Businesses and individual users will take part in trials to evaluate how the token can be used in real payment and settlement processes.
In the future, the HUMO token will be integrated into payment services and made available on digital trading platforms. The token’s design fits within Uzbekistan’s existing financial system and supports the country’s ongoing efforts in financial innovation.
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