NBKR and CertiK Establish Long-Term Strategic Partnership on Digital Som Security and Digital Asset Oversight

Bishkek, Kyrgyzstan - The National Bank of the Kyrgyz Republic (NBKR) and global blockchain security firm CertiK have signed a Memorandum of Understanding (MoU) to form a long-term strategic partnership aimed at enhancing Digital Som security and digital asset oversight. The collaboration establishes CertiK within the NBKR's highly regulated environment, serving as a model for similar partnerships with other regulated institutions.

Sanzhar Abdygaziev, Member of the NBKR Management Board, expressed the significance of the MoU, stating that the agreement facilitates knowledge exchange and expertise in blockchain security, cybersecurity, AML/CFT, and digital asset transaction analysis. In contrast, Ronghui Gu, Co-Founder and CEO of CertiK, highlighted the importance of integrating security and risk management considerations throughout the development and operation of digital asset infrastructure.

The partnership will encompass digital asset oversight and regulatory advisory support, addressing AML/CFT, custody, security standards, licensing requirements, and the deployment of CertiK's Supervision and Compliance solutions. Additionally, training and knowledge transfer will be provided in relevant technical and regulatory areas.

CertiK's involvement extends beyond the NBKR, as the company has provided technical advisory support to regulators in the United States and responded to regulatory consultations by the Monetary Authority of Singapore (MAS). These efforts underscore the growing recognition of technical security expertise in the context of regulated digital asset markets and infrastructure.

The National Bank of the Kyrgyz Republic (NBKR) serves as the country's central bank, tasked with maintaining price stability, ensuring the stability of banking and payment systems, and promoting sustainable financial sector development. The NBKR regulates financial institutions, manages monetary policy and international reserves, and oversees the national payment infrastructure.

It is currently advancing its Digital Som initiative, a central bank digital currency (CBDC) designed to modernize payments, expand financial inclusion, and bolster the resilience and efficiency of Kyrgyzstan's financial ecosystem.