CZ Unveils Bereket Bank and KSGT Stablecoin in Kyrgyzstan
Binance CEO Changpeng Zhao, alongside Marat Sultanov and President Japarov’s son Nurdöölöt Nurgoyoev, proposed Bereket Bank, a private digital asset bank in Kyrgyzstan. The market-driven bank will offer cryptocurrency trading, custody and payment services, integrating the BNB Chain–based KSGT stablecoin and piloting a digital som CBDC. It aims to channel over $2 billion in foreign investment within three years and funnel profits into social welfare programs. To uphold transparency in crypto trading, Bereket Bank will appoint independent directors, undergo external audits, and disclose related-party deals. Kyrgyz authorities will strengthen KYC/AML and stablecoin accounting rules, cementing the nation’s digital transformation and boosting on-chain demand for BNB Chain.
Bullish
The launch of Bereket Bank and the BNB Chain–based KSGT stablecoin will drive new on-chain activity and demand for BNB token transactions. In the short term, increased crypto trading and custody services will boost network fees on BNB Chain. Over the long term, Kyrgyzstan’s regulatory support and integration of a som CBDC will strengthen ecosystem growth, cementing BNB Chain’s regional position.