Raiffeisen Bank Advances Market Integration in Uzbekistan

Tashkent, Uzbekistan (UzDaily.com) — A meeting was held at the National Agency for Perspective Projects of the Republic of Uzbekistan with representatives of Raiffeisen Bank International AG.

At the end of 2025, the bank was registered as a participant in the special legal regime known as the “Regulatory Sandbox” in Uzbekistan’s capital market sector.

Raiffeisen Bank International AG is the central institution of the Raiffeisen Banking Group and has extensive experience operating across Central and Eastern European markets. Its activities include direct connectivity to central securities depositories and the provision of custody services to international clients.

During the talks, bank representatives reported ongoing efforts to connect to Uzbekistan’s capital market infrastructure.

The objective of this integration is to enable clients to store securities and conduct settlement operations through the country’s local financial infrastructure.

The parties were briefed on the requirements of current capital market legislation, including the operational specifics of the Regulatory Sandbox framework.

It was noted that solutions tested within this mechanism are expected to be gradually incorporated into national legislation, improving the stability and predictability of the regulatory environment for investors.

The discussions also covered the development of modern financial technologies, including crypto assets, tokenized securities, and the potential use of stablecoins in settlement operations.

Following the meeting, both sides agreed to continue cooperation and strengthen expert-level exchange on the integration of international financial institutions into Uzbekistan’s capital market infrastructure.