American investment giant BlackRock has become the second-largest shareholder of Freedom Holding Corp.

The world’s largest asset management company, BlackRock, Inc., has invested nearly $89 million in FRHC shares, increasing its ownership stake to 0.85%. This makes BlackRock the company’s second-largest shareholder after founder and CEO Timur Turlov.

According to Bloomberg, during the latest reporting period BlackRock purchased an additional 443,965 shares, raising its total holdings to 520,565 shares.

Alongside BlackRock, other international institutional investors in Freedom Holding Corp. include State Street Corp., Geode Capital Management, Millennium Management, Morgan Stanley, Tudor Investment Corp., Vanguard, and others.

“We welcome the growing interest from global institutional investors. The presence of partners such as BlackRock confirms the resilience of our business and the strategic potential of Freedom Holding in international markets,” noted Timur Turlov.

BlackRock, Inc. was founded in 1988 in New York. As of 2025, the firm manages over $12.5 trillion in assets. It is best known for its iShares ETFs and its risk management and investment technology platform Aladdin.