Etherfuse has been admitted by the National Bank of Kazakhstan's to issue it's core products the Stablebond. I want to say something about why Kazakhstan, because I think it is widely underestimated. The National Bank's Chief Digital Officer, published a summary this week of Kazakhstan's financial infrastructure work with China: a new three-year tenge–renminbi swap line, digital tenge and digital yuan integration across mBridge and CBETS, a national gateway into CIPS, QR interoperability with UnionPay. Read together, it does not describe a series of bilateral deals. It describes a country deliberately building itself into the settlement layer between East and West. That is one of the many opportunities. Kazakhstan sits on the land bridge between China and Europe. It trades in every direction and has spent a decade making itself credible to all of them at once. Very few countries can convene Beijing, Brussels and Washington on financial infrastructure and be trusted by each. Kazakhstan can, and is doing it deliberately. Here is the part that gets missed: corridors need collateral. Cross-border settlement in national currencies only works if there is high-quality, liquid, programmable local-currency paper to settle into and hold between transactions. That is sovereign debt. That is precisely what we build. Etherfuse tokenizes government bonds and makes them function as onchain money — live today across Mexico, Brazil, South Korea, the United Kingdom and the United States. Kazakhstan is where that capability meets a state actively wiring itself into the largest trade corridor on earth. We intend to be the sovereign debt layer for that corridor. Grateful to the The National Bank of Kazakhstan, to JSC Halyk Finance, @cryptolgi, @farhaj, @SuperteamKZ and to the teams in Astana who spent months on this with us. We have permission to build. Now we execute. 🇰🇿🇰🇿🇰🇿