Freedom Holding Corp., the Nasdaq-listed fintech group, has launched a service allowing clients to fund and withdraw from their brokerage accounts using cryptocurrency. Through its brokerage unit Freedom Finance Global, users can now transfer digital assets from external wallets, with the platform automatically converting them into US dollars for account funding. The service also supports the reverse process, enabling withdrawals where fiat is converted to crypto and sent to a personal or exchange wallet.
The initial launch supports USDC on the Ethereum network, USDT on Tron, as well as Bitcoin (BTC) and Ethereum (ETH). A transaction fee of 3% applies, and clients must pass an investment experience test before using the service. The company emphasizes that all operations are subject to mandatory checks under AML, KYT, and Travel Rule frameworks, ensuring regulatory compliance from the outset.
CEO Timur Turlov framed the move as a response to client demand for unified financial environments, stating, “clients don’t want separate ecosystems – they want one environment where everything simply works.” He further elaborated on the company's vision, noting “the future broker is not only a place to buy stocks, it is a platform for managing all types of assets.”
This launch is a key step in a broader strategic partnership. Freedom Finance Global previously signed a memorandum of understanding with Binance Kazakhstan to simplify investor access to crypto services. The collaboration plans to utilize Binance Link’s Crypto-as-a-Service solution to integrate crypto products directly into the Freedom Broker infrastructure, signaling a move toward a full suite of digital asset services, potentially including dedicated crypto accounts.
The development is also significant within the context of Kazakhstan's national strategy to build a regulated digital asset economy. The country has been working to simplify regulations for mining and create a licensed framework for crypto circulation. Public discussions have even included proposals for a state digital asset fund and a strategic crypto reserve.
Globally, this move reflects a maturation phase for the crypto industry, shifting from speculation to integration within existing financial infrastructures like banking and brokerage systems, a trend also seen in regulatory approaches in the EU and the United States.
