Web3 · Fintech

Blockchain development for fintechs and banks

We build software for companies that hold a status or are preparing one: operators of DFA and trading platforms, licensed AIFC participants, banks and participants of the National Bank’s special regime. We do not hold client funds and do not deal in digital assets ourselves.

Software for companies with a status

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Please notePazl develops software on the client’s assignment and does not provide digital asset services: we do not issue, hold or exchange digital assets and do not promise income. Projects that need a licence or registration (issuing digital financial assets, exchange, custody) are built for clients licensed by the National Bank of Kazakhstan or AFSA (AIFC), or for foreign markets. Unsecured digital assets are not a means of payment in Kazakhstan.What the law says →

Breakdown

What we build

Inside the product you already run or are launching.

DFA platformIssuance, records and redemption of DFAs for the platform operator: issuers, investors, roles, an operations log.

Custody integrationThe API of a custody organisation or custodian behind your accounts, limits and approvals.

Transfer dataSender and recipient details in every transfer, and a hold on the operation if they are missing.

Accounting and reconciliationEvery on-chain movement is posted to your accounting system and reconciled with it.

ReportsExports for compliance, finance and the regulator in the format required.

MonitoringAlerts on failures, limit breaches and unusual operations.

What the law says

The legal frame

Law No. 193-VII as in force since 1 May 2026, the Law on the National Bank and AIFC rules.

Service providers
The DFA platform operator, the trading platform operator, the exchange operator and licensed AIFC participants, including a digital asset exchange (Art. 1(5-3)).[1]
Who supervises
The National Bank regulates stablecoin issuers and providers other than AIFC providers, and registers DFA and trading platform operators (Art. 4(1)). Issuers of other DFAs are regulated by the Agency for Regulation and Development of the Financial Market (Art. 4(2)). An exchange operator needs a National Bank licence (Art. 12-2).[1]
Transfer data
For transfers, providers, including AIFC and special regime participants, collect sender and recipient details and, without them, suspend the operation for at least 48 hours (Art. 12-1(8), (9)). An exchange operator serves clients after identifying them (Art. 12-1(6)).[1]
The National Bank’s special regime
A set of special conditions for activities with digital assets and payment services, introduced by a Board decision for a total term of no more than five years (Law on the National Bank, Art. 51-4). It is one of the six cases in which unsecured assets may be issued and circulated (Art. 12-1(1), subpara. 3).[1][2]
AIFC
Requirements for AIFC exchanges and licensed participants are set by AIFC law (Art. 12-1(1), subpara. 2). According to AFSA, all firms carrying on digital asset activities are treated as digital asset service providers, and amendments to the framework apply from 1 January 2026.[1][3]
Banks and providers
Exchange operators and AIFC exchanges serve client operations through bank accounts at second-tier banks of Kazakhstan or the National Postal Operator, and a bank opens an account for a provider that holds the relevant licence (Art. 12-1(3)).[1]
Not a means of payment
Unsecured digital assets are not recognised as a means of payment in Kazakhstan (Art. 12-1(2)). We do not build crypto payment acceptance for sales in Kazakhstan.[1]

Comparison

Who does what

The status and the money are yours, the software is ours.

Who does what	Your company	Pazl
Licence, registration, special regime	Obtained and kept by you	We prepare a technical description of the system
Client funds and assets	With you, the bank or the custody organisation	We neither accept nor hold them
Identity checks and screening	Your provider and compliance team	We build them into the product
Code and infrastructure	Handed to you	We write and test it, 6-month warranty

Step by step

How the work goes

From the money flow to launch.

Money flow
Who holds what at each step, mapped with your compliance team.
Connecting providers
Custody, bank, identity checks: in test environments first.
Accounting
Every on-chain movement is reconciled with your accounting system.
Launch with controls
Limits, alerts and reports are switched on before clients see the product.

Checklist

What to prepare for the brief

So we can get straight to the point.

Your statusNational Bank registration, an AFSA licence, the special regime or a foreign regulator.
ProvidersBank, custody organisation and identity provider, if already chosen.
First scenarioWhat comes first: issuance, transfer, redemption or a report.
Accounting systemWhere operations should land: 1C, your own ledger or the bank’s core system.

Around fintech

Related services, the industry and the law.

Asset tokenizationPlatforms for operators and issuers.Wallet developmentWallets for companies with a status.Custodial or non-custodial walletWho holds the keys.Digital assets under Kazakhstan lawWhat is allowed and who needs a licence.FinanceAutomation and links to accounting.Integrations and APIBanks, providers and accounting systems.Blockchain ticketsProtection from fakes, resale on the organiser’s rules and a door scanner, with no tokens issued.

Sources

Checked on 15 November 2026

This is not legal advice. Laws change: before launch, check the current version on adilet.zan.kz and talk to a lawyer or accountant.

Questions

Short and to the point.

Do you hold client money or assets?

No. Funds and assets sit with you, the bank, the custody organisation or another provider with the required status. We write the software that connects them.

Can you help with registration or a licence?

We describe the architecture, data flows and controls for the technical part of the application. The application itself and the legal analysis are prepared by your lawyer and advisers.

What is the National Bank’s special regime?

Special conditions for activities with digital assets and payment services that the National Bank Board introduces by decision for no more than five years (Law on the National Bank, Art. 51-4). Your company decides whether to take part, and we build software to its conditions.

Which networks do you work with?

The ones your providers support and your clients choose: Ethereum and compatible networks, Solana. We decide together with you.

How much does a project cost?

We name the price after the brief and a look at the providers’ APIs, and fix it in the contract.

Who owns the code?

You do: the code, repository and access stay with your company, with a 6-month warranty on our work.

What should your platform do?

Name your status, providers and the first scenario. We reply quickly.

Your selectionWeb3 development for fintechPrice after the brief

The team gets your request; we reply during business hours.Price fixed in the contract before you pay.No calls unless you ask.

Prefer chat? Use WhatsAppYour selection is already in the message Prefer email? Write to ushello@pazl.ai