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

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.