The Solana Foundation has extended its streak of successes with the announcement of a partnership with Kazakhstan to establish a special economic zone. Named the Solana Economic Zone, this collaboration brings Kazakhstan one step closer to its digitalization goals, while Solana continues to capture institutional interest.
The Solana Economic Zone will incubate a range of digital asset service providers for Kazakhstan, while facilitating investor participation for emerging startups. Stakeholders hope to replicate the success of the Dubai Multi Commodities Centre (DMCC), turning the zone into a launchpad for pilot projects.
The signing event revealed three objectives: the first is the promotion of tokenized capital markets within Kazakhstan's financial ecosystem. The second, MDAI and the Solana Foundation will implement a national blockchain education program to strengthen the talent base of Web3.
Finally, the Solana Economic Zone will seek to attract international Web3 companies by providing regulatory support and access to infrastructure.
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