Uzbekistan Launches HUMO Token Pilot, Ties Digital Currency to Sovereign Bondschain

Highlights

Uzbekistan launches HUMO token backed by sovereign bonds for stable digital payments.
HUMO leverages a national payment network with 35M users for wide adoption.
The project is planned to be launched based on two technologies – EVM and TVM. The technological foundation chosen for TVM is Tycho, a protocol that will ensure support for high loads, scalability, and cost-effective transactions.

Backed by the Uzbekistani sum and backed by sovereign bonds, HUMO is a state-sponsored digital currency for which Uzbekistan has started a pilot project. The project indicates a major shift in the country’s overall strategy to digitize its economy and use blockchain for honest and inexpensive financial services.

HUMO: A Sovereign-Pegged Digital Currency Anchoring Blockchain Innovation

Providing a rare example of a digital asset intended for price stability rather than speculation, the HUMO token is backed by sovereign bonds, with its value directly linked to the Uzbekistani Sum. One of the main obstacles in classic crypto adoption for state-level use cases is, and thus this design aims to reduce variability.

The project fully complies with the legislative requirements of the Republic of Uzbekistan regarding the circulation of crypto assets.

HUMO Payment System Serves as Launchpad

At the core of the initiative is the HUMO payment network, a national system serving more than 35 million cardholders and deeply integrated into the banking and retail ecosystems of Uzbekistan. Its infrastructure and existing user base make it a strategic foundation for onboarding digital assets at scale.

The government’s wager is obvious: digital currencies linked to recognizable systems might speed up public acceptance and change regular payments.

Technical Foundation: Institutional Builders’ Multi-Chain Deployment

Local Web3 company Asterium is leading the charge for development, while Broxus is the blockchain infrastructure provider behind TON-based products. The project is planned to be launched based on two technologies – EVM and TVM. The technological foundation chosen for TVM is Tycho, a protocol that will ensure support for high loads, scalability, and cost-effective transactions.

Use Cases: Instant Payments, Reduced Costs, and Public-Sector Efficiency

Key goals of the pilot include:

Enabling instant, low-fee digital payments within the HUMO network.
Increasing transparency via public ledger auditability.
Curtailing informal cash flows through verifiable digital rails.

According to Alexey Maksimov, Chairman of HUMO, this marks an important step towards building an innovative and modern financial system in Uzbekistan.

Asterium CEO Komilkhuzha Sultonov highlighted the user-centric approach: “We want to integrate blockchain without changing user habits — simple, seamless, familiar.”

Broxus founder Sergey Shashev emphasized the scalability imperative: “This isn’t just tech for tech’s sake. We’re focused on infrastructure that works under real government conditions.”

Outlook: Building the Rails for Uzbekistan’s Digital Future

In the future, the blockchain platform created within this project could serve as a basis for the development of new digital services in Uzbekistan.

The pilot adds Uzbekistan to a growing list of countries testing asset-backed digital currencies as a bridge between traditional finance and Web3 infrastructure with a focus on utility, stability, and trust.

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.