Freedom Holding Corp.’s Turkish subsidiary, Freedom Yatırım Menkul Değerler A.Ş., has secured a brokerage license from the Capital Markets Board of Türkiye, marking the first such approval for a broadly authorized foreign firm in 34 years. The license enables Freedom Yatırım to operate as a fully licensed brokerage in the Turkish market, where the group plans to integrate banking, investment, and digital services under a unified ecosystem.
The milestone follows Freedom Holding’s acquisition of a 99.32% stake in Turkish Bank A.Ş., which has received approval to rebrand as Freedom Bank A.Ş. The group, which manages over 870,000 client accounts across more than 20 countries, reported total assets of $14 billion as of June 30, 2026, according to U.S. SEC filings. Brokerage revenue accounts for approximately 39% of the group’s total net revenue.
Timur Turlov, founder and CEO of Freedom Holding, highlighted the strategic importance of the license, stating that it represents the company’s entry into Türkiye’s brokerage market. Turlov added that the group aims to replicate its Kazakhstan-based Freedom SuperApp model in Türkiye, combining financial and everyday digital services within a single platform. The initiative will leverage the group’s experience in digital financial ecosystems while adapting to local market needs.
Vladimir Pochekuev, partner at Freedom Holding and chairman of Freedom Yatırım’s board, emphasized the long-term commitment to Türkiye, noting the group’s intention to combine technology, financial strength, and international capital markets expertise with local knowledge. Vusal Mamedov, senior adviser to the board, pointed to Türkiye’s growing investor base and increasing demand for portfolio diversification across asset classes as key drivers for the expansion.
Freedom Holding, listed on the NASDAQ and active on exchanges including the Kazakhstan Stock Exchange and Astana International Exchange, operates through more than 200 offices in over 20 countries. Its common stock is included in the Russell 3000 Index.
