Kazakhstan Stock Exchange JSC (KASE) has selected BitGo as its digital asset infrastructure partner in a three-year deal that will see the San Francisco-based custodian support custody and trading infrastructure as the exchange builds out regulated crypto and tokenization capabilities.

The partnership, announced yesterday in a statement, comes at a critical time for Kazakhstan’s digital finance ambitions. While the country has historically been a global hub for crypto mining, its regulatory focus has shifted toward institutional services and exchange frameworks.

Trading on platforms licensed by the Astana International Financial Centre has surged more than twentyfold — from roughly $280 million in 2023 to nearly $6.3 billion in…