Kazakhstan Stock Exchange JSC (hereinafter, KASE, the Exchange) and BitGo Inc., the digital asset infrastructure company and wholly owned subsidiary of BitGo Holdings, Inc., announced a three-year strategic announcement under which KASE has selected BitGo as its digital asset infrastructure partner to support custody and related trading infrastructure as the Exchange develops regulated crypto and future tokenization capabilities.

Under the agreement, BitGo will provide custody infrastructure and support trading-related operations for digital assets made available through KASE’s platform, subject to applicable laws, rules, and regulatory requirements. The agreement is intended to support KASE’s long term strategy to expand its market infrastructure to include digital assets, while establishing a foundation for future tokenization initiatives involving securities and other financial instruments.

Through the partnership, KASE intends to broaden access for eligible market participants to digital asset activity within a regulated exchange environment. The parties believe that secure, institutional-grade custody infrastructure is a key prerequisite for the development of digital asset markets and, over time, for the tokenization of traditional financial instruments. By combining KASE’s position as a leading exchange in Central Asia with BitGo’s digital asset custody, wallet, and trading infrastructure, the initiative is designed to help bridge traditional capital markets and blockchain-based financial services.

BitGo’s services are expected to include institutional custody capabilities such as cold storage infrastructure, policy-based governance controls, and asset segregation designed to meet the operational, security, and compliance requirements of exchange-related market activity.

“KASE is consistently developing a modern and technologically sustainable market infrastructure capable of effectively supporting both traditional and digital financial assets. Our collaboration with BitGo strengthens the foundation necessary for secure development of digital asset markets and implementation of tokenization initiatives in Kazakhstan”, – noted Adil Mukhamejanov, Chairman of KASE’s Management Board.

“Exchanges and financial market institutions around the world are evaluating how digital assets and blockchain technology can modernize market infrastructure. We are pleased to work with KASE to provide the infrastructure to support digital asset activity within a regulated exchange framework and to help lay the groundwork for future tokenization use cases”, – said Mike Belshe, CEO and Co-founder of BitGo.

The collaboration represents a meaningful step in KASE’s broader strategy to modernize market infrastructure and support the responsible development of digital asset capabilities within Kazakhstan’s capital markets. It also highlights growing demand for institutional-grade digital asset infrastructure as exchanges and financial institutions evaluate regulated pathways for digital asset access and future tokenization.

Source: Kazakhstan Stock Exchange JSC