Kazakhstan Stock Exchange Partners With BitGo to Bolster Crypto Infrastructure
Kazakhstan Stock Exchange JSC (KASE) has entered a three-year partnership with BitGo to develop institutional-grade digital asset infrastructure. The deal positions KASE as a key player in Central Asia's rapidly evolving crypto landscape, leveraging BitGo's custody and trading solutions to support regulated crypto services and tokenization.
The move aligns with Kazakhstan's strategic pivot from crypto mining dominance to regulated financial services. Trading volumes on Astana International Financial Centre-licensed platforms have surged from $280 million in 2023 to $6.3 billion in 2025's first three quarters - a 20x increase that underscores the region's accelerating institutional adoption.
President Kassym-Jomart Tokayev's January legislation established a comprehensive digital asset framework, granting the National Bank authority over exchange licensing and cryptocurrency approvals. KASE, ranking second among CIS exchanges by trading volume, now aims to become the region's institutional gateway for digital assets.