Freedom Holding Corp. applied for a French banking license to anchor its European expansion. The U.S.-listed, Kazakhstan-based group plans to invest up to 500 million euros over five years. This capital will fund a new digital bank and supporting infrastructure.
CEO Timur Turlov confirmed the submission of documents to the French Prudential Supervision and Resolution Authority (ACPR). A French license grants the company a financial passport to operate across the entire European Union.
The move allows Freedom Holding to function as a fully regulated bank instead of using third-party partners. This strategy shifts the firm’s focus from brokerage services toward a comprehensive financial ecosystem.