The announcement, made during an interview with the Kabar news agency, marks a defining moment for the Central Asian nation as it positions itself to attract global investment in virtual assets and digital banking.
Japarov clarified that Bereket Bank is completely private and not state-owned. The aim is to open Kyrgyzstan’s doors to foreign capital while offering modern digital financial services centered on virtual assets, a term used to refer to digital forms of value, such as cryptocurrencies, that operate on secure blockchain networks.
A private vision for a digital future
President Japarov explained that the idea began during Zhao’s visit in May 2025, when the Binance founder suggested creating a digital-focused bank in Kyrgyzstan. Initially, Japarov wanted the company to be state-run, but Zhao preferred a private management model. Ultimately, the two sides agreed on a partnership focused on innovation and foreign investment.
To bring his expertise to the project, former Parliament Speaker Marat Sultanov, a respected banker, was invited to help set it up. Japarov’s son, Nurdoolot Nurgozhoev, also joined the company as a co-founder to gain practical business experience. The president stressed that the state remains little involved, describing Bereket Bank as a sign of Kyrgyzstan’s move toward entrepreneurship and technological growth.
Updates from Kyrgyzstan🇰🇬
– The National Stablecoin launched, the @BNBCchain– The CBDC is ready for deployment. Yes, both. CBDC will be used for government-related payments and more.
– The National Cryptocurrency Reserve established, #BNB Understood
– LE training
– Binance Academy with 10 best… pic.twitter.com/SInh5aCPMZ– CZ 🔶BNB (@cz_binance) October 25, 2025
According to the president, Binance’s involvement sends a clear signal that global technology leaders recognize Kyrgyzstan’s stability, its ongoing anti-corruption efforts, and its willingness to embrace digital transformation. Many countries sought Binance’s partnership, but Zhao chose Kyrgyzstan, a move that could funnel billions of dollars of investment into the country’s economy.
Bridging tradition and innovation
Bereket Bank will operate like any traditional bank, but will focus heavily on digital currencies and blockchain-based services. This shift aligns with a growing global trend. According to the World Bank, digital financial services are growing at record speed, with more than 76% of adults worldwide now using some form of digital banking, up from just 51% in 2011.
I had a great time in Kyrgyzstan over the past two days. I also encourage more crypto companies to explore the country.
“Binance founder presents crypto as a strategic tool for finance and governance in Kyrgyzstan” – AKIpress News Agency
– CZ 🔶BNB (@cz_binance) October 25, 2025
Other countries are experiencing similar developments. For example, Singapore’s DBS Bank recently integrated blockchain technology to speed up cross-border settlements, demonstrating how digital banking can improve both efficiency and transparency. Bereket Bank aims to bring the same level of innovation to Central Asia.
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