Nasdaq, National Bank of Georgia Put 5 Banks on Calypso as Assets Near $38 Billion
Updated
Updated · Markets Media · Jul 20
Nasdaq, National Bank of Georgia Put 5 Banks on Calypso as Assets Near $38 Billion
3 articles · Updated · Markets Media · Jul 20
Summary
Five of Georgia’s largest commercial banks will adopt Nasdaq Calypso under a shared infrastructure model coordinated by the National Bank of Georgia through the Georgian Market Advancement Program.
Total banking assets nearing $38 billion and double-digit sector growth over five years drove demand for more advanced treasury systems, while a common platform spreads the cost and complexity of modernization.
The centralized setup will cover the full trade lifecycle from deal capture to settlement and reporting, with each bank’s data segregated but workflows, market data and governance standardized.
That standardization gives the central bank stronger visibility into liquidity, treasury exposures and systemic risk, while supporting alignment with international standards including ISO 20022.
Japan is providing project-management funding through the Japan-EBRD Cooperation Fund, and the rollout is positioned as a milestone in Georgia’s broader capital-markets development.
Is Georgia's move to centralize its banking system a leap toward modernization or a step toward systemic risk?
As Georgia adopts US tech for its banks, can it protect citizen data held by a new Chinese owner?
Georgia’s Financial Sector Leap: Nasdaq Partnership Brings Shared Calypso Platform to Five Largest Banks
Overview
On July 20, 2026, Nasdaq and the National Bank of Georgia announced a major partnership to modernize Georgia’s financial markets. This collaboration will transform the country’s treasury infrastructure by introducing the Nasdaq Calypso platform as a shared, centralized system. The platform is being rolled out across Georgia’s five largest commercial banks, aiming to standardize and enhance their operations. By adopting this internationally recognized technology, Georgia is laying a strong foundation for future financial development, improving efficiency, and aligning its banking sector with global standards.