The National Bank of Georgia continues to actively support fintech innovations and presents another important project aimed at developing a modern, technology-driven financial ecosystem.

The National Bank invites brokerage companies under its supervision to participate in the regulatory sandbox project on tokenized bonds.

The project aims to test innovative models for the issuance, recording, and trading of bonds using digital unitstokens. It also seeks to ensure the active involvement of interested parties in the development of an appropriate regulatory framework.

Tokenized bonds are the digital equivalent of traditional bonds, where the issuer’s obligations are represented as programmable tokens. This approach enables more efficient issuance, automated servicing, and the deepening of capital markets.

This project is expected to support:

• the development of financial instruments
• the simplification of the investment process
• increased liquidity
• reduced transaction costs
• diversification of the financial ecosystem

The tokenized bond model may be attractive to both corporate issuers and small and medium-sized investors, as it increases access to the market and investment opportunities.

Interested parties will be able to electronically submit their own tokenized bond issuance schemes to the National Bank in accordance with the law. The National Bank will review these schemes in accordance with the established procedures.

Interested parties who wish to obtain additional information and participate in the regulatory sandbox project should contact the Innovation Office of the National Bank of Georgia at innovationoffice@nbg.gov.ge

This initiative should not be interpreted as a promise of granting a license, registration, recognition, or authorization to any specific entity, nor as a prior commitment to establish a particular regulatory framework.