Digital Euro Association partners with Payment and Financial Technologies Development Center of the National Bank of Kazakhstan

The Digital Euro Association (DEA) is delighted to announce its partnership with the Payment and Financial Technologies Development Center of NBK (PFTDC). The PFTDC has been running the Digital Tenge pilot project since 2021 in order to test a tokenized form of the digital tenge for use in retail settlements in Kazakhstan. 

The DEA’s partnership with PFTDC will include, amongst others, joint educational efforts around digital currencies, publication of joint research, participation and organisation of joint events and exchange of digital currency knowledge and proposals to promote the development of the ecosystems of DEA projects and the Digital Tenge. 

Binur Zhalenov, Chairman of the PFTDC, notes the importance of signing MoU for expanding international cooperation in the field of CBDC. "The DEA is an important partner of the PFTDC in the European Union. Cooperation with the DEA will facilitate the exchange of best practices in the field of CBDC. Effective interaction between the PFTDC and the DEA will be a good support for our collaborative platform - Digital Tenge Hub."

DEA Chairman Dr. Jonas Gross noted that he was thrilled to continue expanding the Digital Euro Association’s global network of influential partners with central banks. “We welcome the innovative approach by the National Bank of Kazakhstan around CBDCs and are thrilled to bring our discussions with the PFTDC to the next level. We look forward to the partnership and to learn from the PFTDC and bring our input to the table.”

About the DEA

The Digital Euro Association (DEA) is a think tank specialising in central bank digital currencies (CBDCs), stablecoins, crypto assets, and other forms of digital money based in Frankfurt, Germany. In particular, it focuses on the digital euro. It is the DEA's mission to contribute to the public and political discourse through research, education, and by providing a platform and community for policy-makers, technologists, and economists to discuss digital money-related topics. The DEA is committed to independence and excellence, aiming to set the agenda and shape policy by encouraging new ideas and forward-thinking in the field of digital money. 

About PFTDC

Payment and Financial Technologies Development Center of NBK (PFTDC) is a subsidiary organization of the National Bank of Kazakhstan. PFTDC is engaged in research activities and the development of information systems in the field of payment and financial technologies, machine learning and artificial intelligence to provide advisory support to the activities of the National Bank of Kazakhstan and its subsidiaries. The main goal of the Center is the creation and development of research expertise, as well as prototyping and implementation of pilot projects in the field of financial and payment technologies for the National Bank of Kazakhstan and its subsidiaries, including in cooperation with leading international research centers.

The DEA is committed to independence and the furtherance of the public good through knowledge exchange, encouraging new ideas, and forward-thinking in the field of digital money. Partnerships and collaborations are in no way an endorsement of partner ideologies, products and services, nor political regimes.