Bybit KZ and Alatau City Authority sign MoC on tokenization, digital asset payments, cross-border remittances
Astana, Kazakhstan, October 22nd, 2026, Chainwire
Bybit Kazakhstan announces the signing of a Memorandum of Cooperation with Alatau City Authority, the special management organization responsible for the operation and development of Alatau City under its special legal regime. The memorandum, signed at the AI & Digital Bridge 2026 forum held in Astana on 1–3 October, sets out the parties’ intention to cooperate on digital asset solutions for the city.
Alatau City is being developed as an emerging smart city with its own legal framework, including dedicated rules for digital asset activities. The memorandum creates a framework for dialogue between Bybit Kazakhstan and the City Authority as this environment takes shape, outlining the shared vision for Alatau’s next phase of growth as financial hub and innovation centre.
The memorandum covers three areas of cooperation:
- Tokenization of real-world assets – exploring models for the issuance, recording, circulation and, where applicable, admission to trading of tokenized assets and instruments
- Digital asset payments – developing payment solutions for residents, businesses and visitors of Alatau City
- Cross-border remittances – developing remittance and settlement solutions using digital assets
“Alatau City is a rare opportunity to build digital finance into a city from the very start, within a clear legal framework,” said Ablaikhan Aubakir, Country Manager at Bybit Kazakhstan. “Tokenization, payments and cross-border settlements are the areas where digital assets can bring the most practical value to people and businesses. We look forward to contributing our experience in regulated digital asset infrastructure as the city’s framework develops.”
The memorandum builds on Bybit Kazakhstan’s work in developing regulated digital asset infrastructure in Kazakhstan as an AIFC Participant licensed by AFSA.
Disclaimer: This material is provided for informational purposes only. The Memorandum of Cooperation is a non-binding expression of the parties’ intentions and does not constitute a licence, permit, authorisation or regulatory approval, or an endorsement of any product or service. Activities described herein are subject to applicable licensing and regulatory requirements. Products and services described herein may not be available in all jurisdictions. Investors should carefully review applicable terms and assess their individual risk profile before making investment decisions.
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About Bybit Kazakhstan (Bybit Limited)
Bybit Kazakhstan is an AIFC Participant licensed by AFSA to operate a Digital Asset Trading Facility and provide Money Services in relation to Digital Assets. Bybit Kazakhstan develops compliant infrastructure to support institutions and enterprises engaging with digital assets in Kazakhstan.
About Alatau City Authority
Alatau City Authority is a special management organization established under the laws of the Republic of Kazakhstan to ensure the operation and development of Alatau City within its special legal regime. [To be confirmed or replaced by Alatau City Authority’s own boilerplate.]
About AFSA
The Astana Financial Services Authority (AFSA) is the independent regulator of financial services and related activities in the AIFC. AFSA’s mandate is to foster a fair, transparent and efficient financial centre aligned with international standards.