Tashkent, Uzbekistan, May 13th, 2025 – Uzbekistan is launching a pilot project for a new asset-backed token named HUMO, which will be tied to government bonds. The initiative seeks to introduce innovative ways to attract foreign investment, enhance financial transaction transparency, and create a more appealing investment climate. Backed by government bonds, the HUMO token aims to ensure price stability while reducing speculative volatility, a common issue with tokenized assets. The project fully complies with Uzbekistan’s legal framework governing crypto asset circulation. Institutional and Technical Foundations Supported by several domestic and international partners, the project builds on HUMO, the national payment system serving over 35 million cardholders and widely integrated into banks and retail sectors, providing a strong foundation for mass adoption. Technical development is led by Asterium, a local crypto service provider, and Broxus, a blockchain infrastructure vendor. The token will utilize two technologies—EVM and TVM—with Tycho protocol selected for TVM. Tycho offers high scalability, supports heavy transaction loads, and ensures cost-effective, fast transactions suitable for government-scale applications. Token Advantages: Transparency, Cost Efficiency, and Integration The HUMO token is designed to enable instant payments, lower transaction costs, and improve transparency via public blockchain recording.

It may also curb informal financial flows and boost cashless payment efficiency. Alexey Maksimov, HUMO Chairman, emphasized the token’s role in modernizing Uzbekistan’s financial system: “Fully backed by real assets, this token will increase public trust, simplify transactions, and accelerate our digital economy’s growth. Enhancing transparency and reducing fraud risk are key priorities. ” Komilkhuzha Sultonov, Director of Asterium, highlighted blockchain integration into everyday finance: “HUMO token establishes a new financial infrastructure, integrating modern technology into routine transactions and making crypto assets as accessible as traditional ones. ” Sergey Shashev, Broxus founder, stressed scalable, secure infrastructure’s importance: “Broxus is proud to support this government project. The Tycho blockchain delivers safe, transparent, high-speed, and low-cost digital transactions essential for initiatives of this scale. ” Future Outlook By linking to tangible government assets, the HUMO token could pave the way for broader blockchain integration within Uzbekistan’s financial system. The developed blockchain platform may underpin new digital services in the country’s future. About HUMO The National Interbank Processing Center of Uzbekistan (HUMO) is a leading financial infrastructure aiming to become a key financial hub in Central Asia and beyond. Since its launch, HUMO has steadily expanded its payment services and strengthened domestic and international partnerships. For media inquiries and further information, please contact: