Kazakhstan Bets on a Falling Company: KASE Signs Three‑Year Agreement With BitGo
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Kazakhstan Stock Exchange KASE has signed a three‑year agreement with the American company BitGo. The partner will store digital assets and provide infrastructure for trading regulated cryptocurrencies, Orda.kz reports.
KASE stated that the cooperation should boost the development of the crypto market and lay the groundwork for the tokenization of securities and other financial instruments.
The exchange is developing a technological infrastructure that can work with both traditional and digital assets. said Adil Mukhamedzhanov, Chairman of the Board of KASE
BitGo will provide the exchange with an institutional storage system: cold wallets, access control and asset segregation — all meeting the requirements of the regulator. BitGo itself said the partnership will help integrate blockchain solutions into traditional capital markets.
However, BitGo itself has been struggling on the stock market. Since its listing on January 23, 2026, the company's shares have fallen from $18.49 to around $7.6 by the end of March — a decrease of nearly 2.5 times. Whether the partnership with KASE will affect the company's share price remains to be seen.
Original author: Alexander Zhdanov
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