EMURGO Establishes Strategic Task Force with Uzbekistan Government
EMURGO Group, the official commercialization division of Cardano blockchain, established the Blockchain Task Force with National Agency of Project Management of the Uzbekistan Government, KOBEA Group and Infinity Blockchain Holdings, and established the law of security token offering and security token trading in Uzbekistan. Announced that it will lead the development of the dynamic framework.
EMURGO Group (Singapore, Ken Kodama, President and CEO), the official commercialization division of Cardano blockchain, established a blockchain task force with National Agency of Project Management (NAPM) of the Uzbekistan government, KOBEA group and Infinity Blockchain Holdings. And announced that it will lead the development of the legal framework for security token offerings (STO) and security token trading (STX) in Uzbekistan.
By providing advisory services, EMURGO will pursue the development of frameworks and business units together with the task force and pursue the potential of Cardano 3rd generation blockchain in infrastructure projects. EMURGO and KOBEA also provide advice on banking and trading of digital assets, blockchain education units, etc.
The contract based on this strategy focuses on EMURGO’s purpose of promoting the introduction of Cardano and blockchain-based solutions, and Uzbekistan who wants to pioneer the era of the digital economy, focusing on cutting-edge blockchain-based technology. It is also in line with the aim of.
EMURGO will fulfill this mission by providing Uzbekistan science and technology students and graduates with an education and academy platform on the Cardano blockchain and by providing advisory services on the development of various projects by the government utilizing blockchain technology.
The security token offering aims to tokenize and modernize traditional assets and brings the benefits of blockchain transparency, security and efficiency. The deal is the first step towards providing security token and digital asset infrastructure solutions.
According to the World Bank, Uzbekistan currently has a population of 31 million, with 37% (13.6 million) of adults not depositing money in the bank.  Many people are highly educated, and it was previously reported that “there are many people who are interested in introducing technology as a whole, as evidenced by the increasing use of smartphones and the introduction of electronic payments.”
EMURGO Establishes Strategic Task Force with Uzbekistan Government - /10
EMURGO Group, the official commercialization division of Cardano blockchain, established the Blockchain Task Force with National Agency of Project Management of the Uzbekistan Government.