Freedom Holding Corp., a Nasdaq-listed, U.S.-based financial services company founded by Timur Turlov, has completed a bold move toward international best practices. Freedom Holding Corp has restructured its client account architecture, transferring operations from Belize to entities in Kazakhstan and Armenia. This transition has enhanced transparency, simplified accounting, and aligns with the company’s long-term global ambitions.
This significant milestone was based on recommendations from auditors and global rating agencies, and the reorganization demonstrates the holding’s evolution from a regional brokerage into a fully integrated, multi-market financial ecosystem fully compliant with expectations of institutional investors and international partners.
Clients were initially offered the option to choose between Kazakhstan or Armenia-based entities. Once the process was automated, Kazakhstan residents—along with clients from Turkey and Azerbaijan—were migrated to Freedom Finance Global Kazakhstan, while others were transferred to Freedom Finance Armenia. No fees were charged, and clients did not lose access to trading platforms.
The restructuring comes on the heels of exceptionally strong results that Freedom Holding reported for the fiscal year ended March 31, 2025. The company achieved significant revenue growth, driven by its diversified business model. Freedom Holding Corp. posted a 23% increase in revenue, reaching $2.05 billion, up from $1.67 billion in fiscal 2024. The company’s total assets stood at $9.9 billion. All key segments of Freedom Holding’s ecosystem performed well. As of June 2025, the holding has a market cap of over $9 billion.
The company also continues to expand its international footprint, and its ambitions extend well beyond Central Asia and Kazakhstan, where it has established its headquarters. In Turkey, Freedom Holding received regulatory approval to launch Freedom Yatırım Menkul Değerler AŞ, a local brokerage arm that will serve both retail and institutional investors. In Armenia, Freedom is also establishing itself as a serious player in an underserved market.
“In the era of globalization, we are building the Freedom ecosystem as a unified platform where diverse business segments—ranging from banking and insurance to lifestyle services—seamlessly interact to serve over 11 million clients,” said Timur Turlov.
The company is investing heavily in digital infrastructure as it continues to build a transparent, vertically integrated financial ecosystem that can scale across emerging markets and gain the trust of global capital. A newly launched SuperApp now consolidates all of Freedom’s services—from trading and banking to insurance and telecom—into a single user interface.
Freedom Holding is reaffirming its commitment to transparency and scalable growth. By aligning its structure with international standards and expanding in high-potential markets, Freedom Holding is positioning itself as a long-term contender in the global fintech landscape.
