Catenaa, Sunday, October 05, 2025- Kazakhstan has launched its first national crypto reserve, the Alem Crypto Fund, selecting Binance’s BNB token as the initial digital asset, officials said Tuesday.
The fund is managed by Qazaqstan Venture Group under the Astana International Financial Centre framework.
Deputy Prime Minister Zhaslan Madiyev described the initiative as a “reliable instrument for major investors” and a foundation for state-level digital reserves.
The project aligns with President Kassym-Jomart Tokayev’s push for strategic investments in high-tech and fintech sectors, including up to $1 billion in support programs.
Binance Kazakhstan General Manager Nurkhat Kushimov said the selection of BNB marks a new chapter for institutional recognition of cryptocurrencies in the country.
The fund builds on broader digital finance initiatives, including Central Asia’s first spot Bitcoin ETF launched in August and ongoing pilot testing of a central bank digital currency, the digital tenge, expected to launch by year-end. Kazakhstan’s crypto ecosystem also includes regulated mining projects, a “70/30” energy allocation plan, and the upcoming “CryptoCity” in Alatau to enable everyday crypto payments.
The initiative positions Kazakhstan alongside regional peers adopting crypto solutions, such as Bhutan’s national crypto tourism payments, Thailand’s TouristDigiPay, and France’s Riviera crypto payments system.
Officials said the project aims to balance innovation with anti-fraud safeguards and long-term financial stability while opening a path for institutional and retail exposure to digital assets.
