Uzbekistan’s HUMO Launches Token Backed by Government Bonds

The HUMO Nationwide Cost System has launched a brand new mission to publish a digital token that’s supported by Uzbekistan authorities bonds. The Token is issued by Humo Digital, a subsidiary of the cost system, and is meant to assist the event of monetary know-how within the nation.

Humo-token is formally registered within the Unified Digital Register of Crypto-Belongings by the Nationwide Company for Potential Tasks (NAPP). The Asterium Crypto Depository is accountable for monitoring the collateral and custody of the federal government bonds that assist the token. This again is meant to cut back the worth limitation and to ensure token stability.

The Token is designed to withdraw international investments, simplify enterprise funds and to assist transparency in monetary actions. It ensures quick Fiat conversion with out intermediaries, decrease transaction prices and safe registration utilizing blockchain know-how.

The mission is presently in a take a look at section. Firms and particular person customers take part in assessments to guage how token can be utilized in actual cost and settlement processes.

Sooner or later, the Humo -Token can be built-in into cost providers and can be made out there on digital buying and selling platforms. The design of the token suits inside the current monetary system of Uzbekistan and helps the continual efforts of the nation in monetary innovation.

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