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TLDR
- BitGo supports Kazakhstan’s first spot Bitcoin ETF, providing institutional-grade custody for the fund’s Bitcoin assets.
- The Fonte Bitcoin Exchange Traded Fund (BETF) launched on the Astana International Exchange, offering regulated Bitcoin investment.
- AIX’s listing of the Bitcoin ETF opens new investment opportunities for both retail and institutional investors in Kazakhstan.
- BitGo Trust will securely hold the Bitcoin assets for the ETF, using US-regulated cold storage solutions to ensure safety.
- The involvement of BitGo enhances Kazakhstan’s credibility as a growing hub for cryptocurrency investment in Central Asia.
BitGo, a US-regulated cryptocurrency custodian, has taken a crucial role in safeguarding assets for Central Asia’s first spot Bitcoin Exchange-Traded Fund (ETF), which launched on the Astana International Exchange (AIX) in Kazakhstan. The new ETF, named the Fonte Bitcoin Exchange Traded Fund (BETF), marks a significant milestone in the region’s cryptocurrency investment landscape. With the backing of BitGo’s institutional-grade custody services, the BETF aims to offer Bitcoin exposure to a wide range of investors.
A Major Step for Kazakhstan’s Crypto Industry
The Astana International Exchange (AIX), operating within Kazakhstan’s financial framework, debuted the BETF on Wednesday. AIX, which facilitates trade in various asset classes, aims to broaden investment options for local and international investors. The exchange’s listing of the Bitcoin ETF presents a regulated and secure entry point into Bitcoin investment for participants in Kazakhstan and beyond.
Managed by Fonte Capital, a registered asset manager within Kazakhstan’s Astana International Financial Centre (AIFC), the BETF gives investors indirect access to Bitcoin. As the first regulated Bitcoin ETF in the region, the launch opens new doors for retail and institutional investors. Kazakhstan’s growing crypto industry, including its prominent role in global cryptocurrency mining, positions the country as a leader in digital asset innovation in Central Asia.
BitGo Provides Custody for Bitcoin ETF
BitGo, a trusted US-based cryptocurrency custodian, will ensure the safekeeping of the Bitcoin assets backing the BETF. Known for providing custody services to major players in the Bitcoin ETF space, such as ARK Invest and 21Shares, BitGo’s involvement in Kazakhstan’s first Bitcoin ETF underscores the global nature of the financial product. “Kazakhstan is entering a new era for digital assets,” said BitGo in a statement, reflecting the significance of the development for the region.
The BETF is physically backed by Bitcoin held in custody by BitGo Trust, a subsidiary of BitGo. This arrangement ensures that the Bitcoin assets behind the ETF are securely managed, following institutional-grade practices. BitGo’s secure, US-regulated cold storage will be pivotal in establishing investor confidence in the new product, especially in a region where cryptocurrency products are still emerging.
Spot Bitcoin ETF Brings Credibility to Kazakhstan
The involvement of BitGo boosts Kazakhstan’s reputation as a credible destination for digital asset investments. As the country continues to develop its crypto regulatory framework, the Bitcoin ETF offers investors a safe and compliant way to gain exposure to Bitcoin.
“BitGo’s involvement gives Kazakhstan an instant credibility boost,” said Shady El Damaty, a digital identity innovator.
He further emphasized that such custodianship services help bridge the gap between traditional finance and the growing digital economy.
Kazakhstan is entering a new era for digital assets.
Fonte Capital has introduced Central Asia’s first spot bitcoin ETF on the Astana International Exchange.
The BETF fund is physically backed by bitcoin, with custody from BitGo Trust.
Through secure, U.S.-regulated cold… pic.twitter.com/CgDjZ6ZDaj
— BitGo (@BitGo) August 13, 2025
Despite its positive impact, some experts point out the need for local custodians to strengthen Kazakhstan’s financial sovereignty.
“Strong local custody is crucial for the financial sovereignty of jurisdictions like Kazakhstan,” noted Bakhrom Saydulloev, a local crypto expert.
He added that while global custodians like BitGo provide quick access to digital asset products, Kazakhstan should aim to cultivate its own infrastructure over time.
The debut of the Bitcoin ETF on AIX represents a significant achievement for Kazakhstan’s financial market. It offers a regulated path for investors to gain Bitcoin exposure, which has previously been difficult due to limited products.
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