Central Securities Depository JSC

Postal address	163, Non-Residential Premises, 30/8, Satpayev St., Almaty, 050040, the Republic of Kazakhstan
Tel.	+7 (727) 262 08 46, +7 (727) 355 47 60
Fax
E-mail	helpdesk@kcsd.kz
Web-site	https://kcsd.kz/en/sitemap

Legal framework Management Structure Functions Disclosure International cooperation

Date of Establishment: 18 July 1997

KCSD was created on 16 May 1997. The primary state registration was carried out on 18 July 1997, with re-registration on 02 February 2005, No. 12301-1910-AO.

The regulatory body for KCSD is the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market.

Current Licenses:

KCSD is the only organization in the Republic of Kazakhstan carrying out depository activities and activities related to maintaining the system of registers of securities holders.

License No. 4.3.18 for the following banking operations in national and (or) foreign currency dated 30 December 2023, issued by the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market:

opening and maintaining bank accounts for legal entities;
opening and maintaining bank accounts for individuals;
opening and maintaining correspondent accounts for banks and organizations performing certain types of banking operations;
transfer operations: executing instructions of individuals and legal entities for payments and money transfers;
exchange operations with foreign currency, except for exchange operations with cash foreign currency.

License No. 3.1.49 for carrying out activities on the securities market dated 29 December 2025, issued by the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market: Custody activity.

Serdyuk Ivan Vyacheslavovich

Chairman of the Management Board of JSC "Central Securities Depository"

Born in 1985 in Almaty.

Education

In 2007, he graduated from the International Academy of Business with a degree in Finance.
In 2022, he graduated from Duke University – Fuqua School of Business, NC, with a Graduate Certificate in Global Management.
In 2023, he graduated from Nazarbayev University with an Executive MBA.

Work Experience:

2007 – 2024 – National Bank of the Republic of Kazakhstan:

2007 – 2010: Chief Economist at the Settlements and Lending Department, Monetary Operations Department;
2010 – 2014: Chief Dealer at the Money and Credit Operations Division, Monetary Operations Department;
2014 – 2015: Deputy Head of the Money and Credit Operations and Gold and Foreign Exchange Assets Department, Monetary Operations and Asset Management Department;
2015 – 2019: Head of the Money and Credit Operations and Gold and Foreign Exchange Assets Department, Monetary Operations and Asset Management Department;
2019 – 2024: Deputy Director of the Monetary Operations Department;
2019 – 2024: Member of the Board of Directors, JSC "Kazakhstan Stock Exchange";
2021 – 2024: Member of the Strategy Committee, JSC "Central Securities Depository";
2024 – 2026: Member of the Board of Directors, JSC "KASE Clearing Center";
2025 – 2026: Adviser to the Chairman of the Management Board, JSC "Central Securities Depository";
2025 – 2026: Member of the Board of Directors, Chief Investment Officer, Private Company "VALOR CAPITAL LTD." (AIFC);
Since 01 September 2026: Chairman of the Management Board, JSC "Central Securities Depository".

As a non-profit organization, KCSD issues only common shares. Shareholders of KCSD can only be the National Bank of the Republic of Kazakhstan, professional participants in the securities market, and international financial organizations whose list is determined by a regulatory legal act of the authorized body.

As of 01 January 2026, the shareholders of KCSD were:

National Bank of the Republic of Kazakhstan (64.04%);
JSC "Kazakhstan Stock Exchange" (29.65%);
Second-tier banks of the Republic of Kazakhstan (4.73%);
Brokerage companies of the Republic of Kazakhstan (1.57%).

Nominal Holding of Securities:

KCSD provides nominal holding services for other nominal holders of securities, including foreign depositories and custodian banks.

KCSD is the authorized depository of the National Bank of the Republic of Kazakhstan, the Ministry of Finance of the Republic of Kazakhstan, and local executive bodies of the Republic of Kazakhstan.

Opening and Maintaining Bank Accounts:

KCSD provides services for opening and maintaining bank accounts intended for making settlements on transactions with financial instruments, paying remuneration and principal amounts at maturity, as well as money transfers in cases established by the KCSD Rulebook.

KCSD is the payment agent of the National Bank, the Ministry of Finance of the Republic of Kazakhstan, and local executive bodies of the Republic of Kazakhstan.

KCSD also carries out money transfers to securities holders when paying remuneration and redeeming securities issued in accordance with the legislation of states other than the Republic of Kazakhstan.

Assignment of International Identifiers to Securities and Other Financial Instruments:

KCSD is the National Numbering Agency of the Republic of Kazakhstan as a full member of the Association of National Numbering Agencies (ANNA) based on the Agreement between KCSD and ANNA on mutual understanding regarding the level of service for ISIN codes and other standards dated 09 December 2011 No. 2.

KCSD assigns international identifiers to securities issued on the territory of the Republic of Kazakhstan, including those issued in accordance with the current law of the Astana International Financial Centre, to shares in the authorized capitals of limited liability partnerships whose participant registers it maintains, in accordance with the procedure established by the Rules for Assigning Identifiers, and in compliance with international standards ISO 6166 "Securities and related financial instruments – International securities identification numbering system (ISIN)", ISO 10962 "Securities and related financial instruments – Classification of Financial Instruments (CFI code)", ISO 18774 "Securities and related financial instruments – Financial Instrument Short Name (FISN)" and the ANNA guidance to these standards.

ISIN, CFI, and FISN codes are standardized identifiers for securities, used in operations with securities on the international securities market, where national securities identification numbers cannot be used.

Payment Agent:

KCSD offers issuers payment agent services for non-government securities held in nominal holding by KCSD.

Trade Repository:

KCSD maintains a system of registers of transactions with derivative financial instruments.

Maintenance of Register Systems:

KCSD provides services for maintaining register systems, including registration of transactions and confirmation of rights to securities and shares in authorized capitals, for joint-stock companies, limited liability partnerships, securities holders, and participants of limited liability partnerships serviced in the register system.

Accounting and Custody of Digital Assets:

KCSD carries out activities for the accounting and custody of digital assets, including accounting of rights to digital assets, ensuring their safety, registration of their crediting and debiting, as well as registration of corporate blockchain events.

KCSD is the only organization in the Republic of Kazakhstan carrying out accounting and custody of digital assets included in the National Strategic Crypto Reserve.

The National Investment Corporation of the National Bank of the Republic of Kazakhstan manages the assets included in the National Strategic Crypto Reserve.

Maintenance of the Register of Digital Financial Assets (DFA) Holders:

KCSD carries out activities to maintain the system of registers of digital financial assets (DFA) holders, including accounting of information on DFA issues, registration of transactions with DFAs, accounting of the rights of their holders, as well as the generation and provision of information from the register system.

KCSD ensures interaction with DFA platform operators regarding the receipt and accounting of information on the issue, additional emission, redemption of DFAs, transactions with them, and DFA balances with holders.

In cases stipulated by the issue terms and regulatory requirements, KCSD also carries out accounting and custody of the underlying asset of the digital financial asset.

KCSD statistics for I quarter of 2023

KCSD statistics for IV quarter of 2022

KCSD statistics for II quarter of 2022

KCSD statistics for I quarter of 2022

KCSD statistics for IV quarter of 2021

KCSD statistics for II quarter of 2021

KCSD statistics for IV quarter of 2020

Membership in International Organizations