EMURGO to develop framework for STOs and exchange with Uzbekistan Government

EMURGO Ptd. Ltd. – EMURGO - the official commercial arm of Cardano blockchain - announces the establishment of a blockchain task force with the National Agency of Project Management (NAPM) under the government of the Republic of Uzbekistan, and alongside advisors KOBEA Group & Infinity Blockchain Holdings, to lead the development of a legal framework for security token offerings (STOs) and exchanges (STXs) in the Republic of Uzbekistan. In addition, EMURGO & KOBEA will advise on infrastructure for digital asset banking & exchange, and blockchain education units, amongst others. EMURGO will provide advisory services to develop the framework and business units with the task force & mutually explore the potential for Cardano's third-generation blockchain for infrastructure projects.

This strategic agreement aligns with EMURGO's objectives to drive the adoption of Cardano & blockchain-based solutions and with the Republic of Uzbekistan's objectives to usher in a digital economy development age with cutting-edge, blockchain-based technologies at the forefront.

EMURGO completes its objectives through the provision of its blockchain Education & Academy platform for Uzbekistan's national universities and through its offering of advisory services to develop broad strategic governmental projects leveraging blockchain technology.