Superteam Kazakhstan x KASE Side Track: Corporate Actions on Blockchain

About KASE

Kazakhstan Stock Exchange (KASE) is a key financial marketplace in Kazakhstan, supporting trading across equities, bonds, foreign currencies, derivatives, and money market instruments.

Challenge

KASE and Superteam Kazakhstan invite builders to automate corporate actions for tokenized financial instruments using blockchain.

Build a working prototype that can:

Identify eligible holders → Calculate entitlements → Execute or initiate the action → Record the outcome on-chain

The core on-chain components must be built on Solana.

Eligibility

All teams participating in this Side Track must also be officially registered for the main hackathon.

Required Scenarios

Every submission must demonstrate all three:

1. Coupon Payment

Identify tokenized bondholders on a specified record date, calculate each investor’s coupon entitlement, and execute the payment on-chain or initiate a clearly demonstrated settlement flow.

2. Bond Redemption

At maturity, identify holders, calculate the principal due, execute or initiate settlement, and burn, retire, lock, or otherwise mark the corresponding tokens as redeemed.

3. One Additional Corporate Action

Choose at least one additional action, such as:

• Early or partial redemption

• Dividend payment

• Tender offer or buyback

• Bondholder voting

• Modification of instrument terms

• Token conversion

• Another corporate action proposed by the team

Minimum Prototype Requirements

Your prototype should include:

• A test tokenized financial instrument

• Holder registry

• Record-date mechanism

• Entitlement calculation

• Coupon payment

• Bond redemption

• One additional corporate action

• Verifiable on-chain record of the resulting action

External or fiat payment rails may be simulated, but the entitlement logic and Solana-based corporate action flow must be functional.

Example

A company issues tokenized bonds with:

• Face value: $1,000

• Annual coupon rate: 10%

• Coupon frequency: Semi-annual

• Maturity: 2 years

An investor holding 10 bonds on the record date is entitled to:

10 × $1,000 × 10% ÷ 2 = $500

At maturity, the same holder is entitled to $10,000 in principal, plus any final coupon due.

The system should calculate the amounts, initiate or execute settlement, redeem the tokens, and record the action on-chain.

Submission Requirements

Submit:

• Working prototype

• Demo video

• Source code repository

• Short technical overview covering architecture, record-date logic, entitlement calculations, settlement flow, and Solana components

Clearly distinguish implemented functionality from simulated integrations.

Judging Criteria

Technical Execution — 30%
Quality and completeness of the implementation.

Corporate Action Logic — 25%
Correct handling of holders, record dates, entitlements, settlement, and redemption.

Product & UX — 20%
Clarity and usability of the product.

Real-World Applicability — 15%
How realistically the solution could fit into financial-market infrastructure.

Innovation — 10%
Original approaches to automation and lifecycle management.

Prize Pool

Total Prize Pool: $2,000

1st Place — $700
2nd Place — $500
3rd Place — $350
4th Place — $250
5th Place — $200

Tokenization does not end at issuance. Build the infrastructure that services tokenized financial instruments throughout their lifecycle.