The Astana Financial Services Authority has published its 2025 Annual Report, outlining regulatory developments, supervisory outcomes and market growth across the Astana International Financial Centre. The report shows that 1,467 new companies were registered in 2025, up 25 percent from 2024, taking the total number of AIFC participants to 4,954 from 91 countries. The AIFC financial ecosystem reached 510 entities, and AFSA authorised 29 financial services firms, with activity concentrated in fund management, brokerage and advisory services. Digital assets remained a key area of supervision and market development. AFSA supervised nine Digital Asset Service Providers under the full framework and 19 within the FinTech Lab, with total transaction volume reaching USD 10.58 billion and around 215,000 users. Assets under management rose to more than USD 5.4 billion across 177 investment funds managed by 71 fund and asset managers. In capital markets, AFSA supervised seven market institutions and two multilateral trading facilities, while licensed broker-dealers held USD 10.1 billion in client assets for more than 300,000 clients. The report also notes that Astana International Exchange reached USD 81.5 billion in market capitalisation and USD 2.1 billion in trading turnover, and that AFSA joined IOSCO’s International Securities and Commodities Alerts Network to support regulatory information sharing and coordination against online investment fraud and illegal financial activity.