Superteam Kazakhstan × KASE · Corporate Actions on Blockchain
Bond payouts, executed on Solana
PriTok automates the whole chain of a bond payment — owners on the record date, calculation, payout, receipt — from one screen, for the platform operator.
Working prototype on Solana devnet · a full two-year bond in about 17 minutes · KZ / EN / RU
Every bond payment is still a manual chain
- Find the owners
- Calculate
- Collect the money
- Pay everyone
- Keep the records
Depositary, brokers, banks and the issuer each keep their own part. Investors often cannot see how their payment was calculated.
One process, end to end
Creates the bond
Face value, coupon rate, term and size. The payment schedule is fixed in the program at issue.
Records the owners
On the record date the holder register is fixed onchain. Transfers after it do not change who gets paid.
Sends the money
Funds go into the issue's payout vault. Everyone sees how much is required and how much has arrived.
Presses one button
Every holder is paid to their wallet, each with a receipt on the blockchain. A holder can also claim earlier or to a bank.
At maturity the operator pays the principal and the bonds are burned. Kazakhstan conventions: record date per the Law "On the Securities Market", amounts in tiyn, rounded down.
If the money is not enough, nobody is paid
- The funds stay locked until the full amount for the payment arrives.
- No favourites. The issuer cannot choose who gets paid first.
- The debt stays visible to every investor and to the regulator.
Why Solana
- Ownership, settlement and payouts in one system instead of several ledgers.
- Fast and cheap enough to pay thousands of holders per event.
- A tenge stablecoin is already being tested on Solana in the National Bank's sandbox.
Each role sees what it needs
Platform operator
Every corporate action and its status in one table: register, issuer funds, execution, report per holder.
Issuer
Creates issues and events, sees what to pay and when, funds payouts.
Investor
Their bonds, the next payments and the full history of what was received.
Public registry
Anyone can check the register, the schedule and every transaction.
Inside the prototype
Operator console
Coupon 1 executed for 3 of 3 holders, coupon 2 funded and ready to execute.
Life of an issue
Four coupons and maturity paid out; bonds redeemed and burned.
Issuer form
The issuer sets the terms; the payment math is shown before issuing.
All issues
Every issue of the program on devnet, with status and amounts paid out.
Anchor program with 18 instructions and 21 tests · Token-2022 bond mint, frozen by default, permanent delegate for redemption · payments in a test tenge token (tKZT).
Team
Indira Poida
Team lead
Supervised training for 300 traders — knows how investors read a bond and its payments.
Sergei Sadkov
CTO
Worked with the National Bank of Kazakhstan on the digital tenge. Built and sold AutoOffice, a SaaS CRM with 200k+ users.
Next step: one pilot bond issue with KASE
Test PriTok on a single issue and measure what it saves the operator, the issuer and investors.