Humo Token, backed by government bonds, is being tested in Uzbekistan (Uzdaily.com) (Uzdaily.com)

Uzbekistan is experimenting with a new digital asset, Humo tokens secured by government bonds. The token is pegged to the national currency, and 1 Humo equals 1000 sum.

The project is under implementation under Uzbekistan’s legal framework in the field of crypto assets. Several strategic partners have participated in its development, including the Humo payment system that serves 35 million cardholders in Uzbekistan. Thanks to Humo's extensive cooperation with commercial banks, markets and retail structures, the conditions have been created for the widespread use of tokens in daily transactions. The technical basis of the project is provided by Asterium and Broxus.

The project adopts the Tycho blockchain protocol developed by Broxus. Its characteristics are high transaction speed and low transaction costs, which are particularly important for large-scale national projects. The advantages of the new token include transparency, high transaction speed and reduced operating costs. The token runs on a public blockchain, and all transactions are publicly recorded and accessible to anyone.

"The launch of Humo tokens is a major event that will enhance citizens' trust in the financial system, simplify payments for goods and services, and minimize the risk of fraud," commented Alexey Maximov, chairman of Humo Payment System.

"This initiative lays the foundation for building a new financial ecosystem, and modern technology becomes an integral part of everyday life," added Komilkhuzha Sultonov, CEO of Asterium.

"The solutions used in the Tycho protocol feature their reliability and security, fully complying with international standards," said Sergey Shashev, founder of Broxus.

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