Halyk Finance Opens the Way to Digital Financial Assets: New Opportunities for Investors and the Market

On 25 August 2026, the Management Board of the Kazakhstan Stock Exchange (KASE) approved Halyk Finance as a participant in the digital financial assets platform and the digital asset trading platform. Halyk Finance is the first company to obtain this status, marking a new stage in the development of digital investment products in Kazakhstan.

For Halyk Finance, this is the first practical step towards building its own range of digital financial assets. This is not simply about introducing a new way to execute transactions, but about a gradual transition towards a financial market model in which traditional assets can be issued, recorded and traded in digital form.

Globally, tokenisation is already moving beyond the experimental stage. Leading financial centres are using it to issue bonds and other financial instruments while maintaining regulated infrastructure, ownership records and investor protection mechanisms.

“Obtaining the status of a participant in the digital financial assets platform is an important step for Halyk Finance. Our objective is not simply to adopt a new technology, but to create clear and relevant investment products that combine the advantages of traditional financial markets with the capabilities of digital infrastructure. We see significant potential in the tokenisation of financial and real-world assets, in making investments more accessible, and in developing new forms of capital raising,” said Farkhad Okhonov, Chairman of the Management Board of Halyk Finance.

Global experience shows that the key advantage of digital assets is not in replacing traditional financial instruments, but in creating a more flexible infrastructure for their issuance, trading and settlement.

For clients, this could potentially mean a broader range of investment and settlement options. In the longer term, digital infrastructure may help reduce the number of intermediary processes, accelerate settlements and enable more flexible asset management.

International practice demonstrates the potential of tokenisation across bonds, funds, money market instruments and private assets, as well as for more efficient collateral and liquidity management.

At the same time, it is important to recognise that tokenisation does not in itself make an investment risk-free. Economic outcomes continue to depend on the quality of the underlying project, its financial model, market conditions and the terms on which the digital asset is issued. The development of the market should therefore be accompanied by transparent disclosure and a clear explanation to investors of the rights attached to each token.

“The new status provides Halyk Finance with a foundation for the gradual development of a broader ecosystem of digital investment products. This is the direction we intend to pursue – progressively expanding our range of digital products and introducing new capabilities where technology can create tangible value for our clients. Our goal is to be among those shaping this market in Kazakhstan, drawing on international best practices while maintaining high standards of reliability and protection of our clients’ interests,” Farkhad Okhonov concluded.

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Halyk Finance JSC is a subsidiary of Halyk Bank and holds leading positions in Kazakhstan’s securities market across brokerage services, asset management and investment banking. The Company provides a full range of investment banking services, including financial advisory and underwriting, corporate finance, brokerage and securities trading, market-making services on the KASE and AIX trading platforms, investment portfolio management, as well as regular research and analytical services. Halyk Finance is the first and only broker-dealer in Kazakhstan to have been assigned an international investment-grade credit rating (“BBB-”) by the international rating agency Fitch Ratings.