# EMURGO Establishes Strategic Task Force with Uzbekistan Government to Develop Framework for Security Token Offerings & Exchanges

**URL:** <https://forum.cardano.org/t/emurgo-establishes-strategic-task-force-with-uzbekistan-government-to-develop-framework-for-security-token-offerings-exchanges/30164>\
**Category:** General Discussions\
**Created:** [21 January 2020 17:16 UTC](https://forum.cardano.org/t/emurgo-establishes-strategic-task-force-with-uzbekistan-government-to-develop-framework-for-security-token-offerings-exchanges/30164 "2020-01-21T17:16:43Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![zachary](https://sea1.discourse-cdn.com/flex023/user_avatar/forum.cardano.org/zachary/32/12914_2.png) [@zachary](https://forum.cardano.org/u/zachary)\
**Post date:** [21 January 2020 17:16 UTC](https://forum.cardano.org/t/emurgo-establishes-strategic-task-force-with-uzbekistan-government-to-develop-framework-for-security-token-offerings-exchanges/30164/1 "2020-01-21T17:16:43Z")

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![Uzbekistan Release](https://us1.discourse-cdn.com/flex023/uploads/cardano/original/3X/6/e/6e0be66eeaa59c83834b9b518a4ed25242a8681f.png)

TASHKENT, UZBEKISTAN JANUARY 20 2020 / EMURGO Ptd. Ltd. – [EMURGO](https://emurgo.io/) - the official commercial arm of Cardano blockchain - announces the establishment of a blockchain task force with the National Agency of Project Management (NAPM) under the government of the Republic of Uzbekistan, and alongside advisors KOBEA Group & Infinity Blockchain Holdings, to lead the development of a legal framework for security token offerings (STOs) and exchanges (STXs) in the Republic of Uzbekistan. In addition, EMURGO & KOBEA will advise on infrastructure for digital asset banking & exchange, and blockchain education units, amongst others. EMURGO will provide advisory services to develop the framework and business units with the task force & mutually explore the potential for Cardano’s third-generation blockchain for infrastructure projects.

 ![a9Ftv6bh-Wxdzgn6-f5G23PZNvFa36g6o2V0y9dQoFC5I5SNHp5GGuREOQb8Iq1Fj-nGazd_DgzhBAjCCj3AQUtRPfriHqpgi4kZZXb5V3QSZCYY3NJuq3pgcxUa53Wp-BeUK-CI](https://us1.discourse-cdn.com/flex023/uploads/cardano/original/3X/b/3/b337b1628a48478f3ec7fec017bc1e70946ea611.png)

This strategic agreement aligns with EMURGO’s objectives to drive the adoption of Cardano & blockchain-based solutions and with the Republic of Uzbekistan’s objectives to usher in a digital economy development age with cutting-edge, blockchain-based technologies at the forefront.

➡ ➡ **[Continue reading on our website](https://www.emurgo.io/en/blog/establish-strategic-task-force-with-uzbekistan-government)**