This article examines the practice of financing investment projects through decentralized sources in Uzbekistan. It analyzes the adoption and impact of mechanisms like private equity, venture capital, crowdfunding, and peer-to-peer lending. The study identifies key challenges such as regulatory constraints and limited public awareness, and explores opportunities for economic growth and diversification. Strategic recommendations are proposed to enhance the effectiveness of decentralized financing in Uzbekistan, focusing on regulatory reforms, public education, and infrastructure development.