Kazakh National Bank to launch tokenization of Iconic Tower complex, Birlik logistics park by end of 2026The National Bank of Kazakhstan plans to launch tokenization of the Iconic Tower multifunctional complex for up to $50 million and the Birlik logistics center for up to $10 million by the end of 2026, National Bank Chairman Timur Suleimenov said."Tokenization of the Iconic Tower complex, worth up to $50 million, is set to launch by the end of 2026. Another project is the Birlik logistics center, worth up to $10 million. Both will use KASE infrastructure," Suleimenov told a government meeting on Tuesday.Both facilities will be built in Alatau City in the Almaty region.Suleimenov said a Tokenization by Default concept has been prepared for Alatau City, with digital instruments to be used to finance urban infrastructure and investment projects.Alatau City has 32 investment projects worth a combined 1.5 trillion tenge, with particular attention given to the anchor Iconic Towers project — a "vertical city" comprising two towers with offices, apartments and a five-star hotel, atop a three-story podium with cultural spaces and a shopping and entertainment center.The agreement to build Iconic Towers was signed in September 2025 during the president's state visit to China, with investment exceeding $800 million. U.S. firm SOM was engaged to develop the architectural concept. The complex will cover 276,800 square meters.Design documentation is expected to be completed by April 2027, with construction to begin in May and completion by the end of 2029.Birlik is an industrial and logistics park in the special industrial zone of the same name in Alatau, providing industrial, warehousing, e-commerce and distribution infrastructure. The project's website lists about 110 hectares and up to 316,000 square meters of facilities.The city of Alatau was established in January 2024 in the Almaty region. A constitutional law on a special legal regime provides tax preferences, a one-stop-shop principle for investors and an experimental platform for innovative and investment projects. Authorities position Alatau as a future international center for business, technology, logistics and tourism. (ICE ALMATY)

Fonte notizia: INTERFAX