Kazakhstan becomes Solana Hub with Solana Economic Zone

Kazakhstan has officially The Solana Economic Zone (SEZ KZ) launched, the very first web3 zone in Central Asia. This zone is built on the Solana (SOL) blockchain and must become a breeding ground for new blockchain projects. A special milestone for the Solana network, but is the SEZ KZ exactly and what does it mean for the Sol rate?

Kazakhstan has large solana ambitions

The SEZ KZ will be a real “sandbox” where startups can experiment with Tokenized Assets, smart contracts and web3 innovations. There will also be a pilot for a geken -based exhibition, together with, among others, the Astana International Exchange and the Solana Foundation. This simply means that Kazakhstan is full of use on the Solana ecosystem. Local talent will learn to work with the SOL platform and the first ideas from the country will be built on the popular Altcoin network.

In the meantime, work is being done throughout the country on a large training program for students and developers. The focus is on learning the programming language Rest and Blockchain technology. Astana Hub and various universities are participating, what will help to expand the SOL developers base. Foreign Blockchain companies are welcome and receive help through the Forma Platform, including infrastructure, legal support and tax benefits.

But why is Kazakhstan so hard for Solana? The country is not new in the Crypto market. Since 2023, the cryptocurrency sector in the country has been growing rapidly. Kazakhstan now manages around 415,000 mining rigs, fed by cheap and green electricity from hydroelectric power stations. There will also be a digital version of the Kazakh coin, the digital tenge, planned for 2025.

Gemini launches Solana strike for institutional investors

Cryptocurrency Exchange Gemini has solana strike made available For his institutional customers. Previously the platform already offered staking For private users, with rewards of up to 6% per year. Now it is also the turn of the business market. This means that large parties such as ETF providers, companies and wealthy investors can now stop their SOL via Gemini Custody, the secure storage service of the platform.

An important step, because the return from Staken is very attractive for investors. By making strike accessible to institutions, the institutional demand can also increase considerably, which can be very bullish for the Solana course.

What makes this service unique is that customers can stop their SOL directly from Cold Storage, without compromising on safety. They even have the opportunity to choose their own validators.