Solana Teams with Kazakhstan to Launch $100M Economic Zone for Web3

The Solana Foundation has made a big move by partnering with Kazakhstan to launch the Solana Economic Zone Kazakhstan (SEZ KZ)

Written by: Arslan Butt • Sunday, June 22, 2025 • 2 min read

• Last updated: Sunday, June 22, 2025

Quick overview

The Solana Foundation has partnered with Kazakhstan to establish the Solana Economic Zone Kazakhstan (SEZ KZ), the first blockchain economic zone in Central Asia.
The initiative aims to attract Web3 companies through tokenized finance integration, blockchain education programs, and global onboarding support.
Solana is shifting focus from memecoins to institutional applications, with significant investments from corporates and growing interest in a Solana-based ETF.
This partnership marks a significant step in Solana's evolution into an institutional-grade platform, enhancing its global presence.

The Solana Foundation has made a big move by partnering with Kazakhstan to launch the Solana Economic Zone Kazakhstan (SEZ KZ) – the first blockchain economic zone in Central Asia. This is part of Kazakhstan’s broader push towards digital transformation and economic diversification through emerging technologies.

The announcement was made in Astana where Solana and Kazakhstan’s Ministry of Digital Development, Innovation and Aerospace Industry (MDAI) signed a Memorandum of Understanding (MoU). The zone will replicate the success of hubs like the Dubai Multi Commodities Center (DMCC) which has attracted global interest in blockchain startups and tokenized finance.

As institutional interest in Solana grows as it shifts away from memecoins to enterprise and financial applications. SEZ KZ is an innovation sandbox and regulatory framework to attract high potential Web3 companies from around the world.

SEZ KZ Objectives

SEZ KZ is built on three pillars:

Tokenized Finance Integration: Tokenized capital markets within Kazakhstan’s regulated financial ecosystem.
Blockchain Education Programs: Nationwide Web3 education curriculum to develop local talent and digital literacy.
Global Web3 Onboarding: Regulatory clarity, infrastructure support and funding opportunities for international Web3 firms.

MDAI officials said the initiative will test “next-generation solutions” including digital asset infrastructure, while the Solana Foundation called the zone a “launchpad for pilot projects and institutional collaboration.”

Solana Institutional Adoption

Once seen as a memecoin friendly network, Solana is now becoming a destination for institutional use cases. According to a Cantor Fitzgerald report Solana could outperform Bitcoin and Ethereum as a treasury asset.

Corporates like Sol Strategies and MemeStrategy have committed hundreds of millions to buy SOL for their reserves. With growing anticipation of a Solana based ETF, institutional involvement is heating up.

Additional highlights:

Stablecoin Projects: Solana is a top contender to power Wyoming’s upcoming state issued stablecoin.
Corporate Integration: PolyMarket, Ondo Finance and BlackRock’s BUIDL are integrating Solana into their financial frameworks.

This further solidifies Solana’s transition from a high speed, low cost blockchain to an institutional grade platform with its latest international partnership in Kazakhstan.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.