Alem Crypto Fund

Cryptocurrencies in Kazakhstan

Main article: Cryptocurrencies in Kazakhstan

History

2025

Run Crypto Reserve

Kazakhstan began the work of the new cryptocurrency fund Alem Crypto Fund. The structure was created for long-term investments in digital assets and the formation of state reserves. The fund can become a tool for national savings and expand the country's ability to manage the finances of the future. Management is carried out by Qazaqstan Venture Group. Registration was carried out in the ecosystem of the Astana International Financial Center. The launch was announced on September 29, 2025.

According to the Ministry of Artificial Intelligence and Digital Development of Kazakhstan, the department initiated the creation of the fund. Deputy Prime Minister, Minister of Artificial Intelligence and Digital Development of the Republic of Kazakhstan Zhaslan Madiev noted that the creation of the Alem Crypto Fund is a step towards the development of digital finance in the country. The goal is to make it a reliable tool for large investors and an important foundation for digital government reserves.

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Фото: Freepik

Binance Kazakhstan became the strategic partner of the fund. This is the local licensed company of the global ecosystem Binance - the largest global player in the field of digital assets. The partnership provides the foundation with access to the technology and expertise of the international platform.

Alem Crypto Fund made its first investment together with Binance Kazakhstan. The foundation acquired BNB, the main token of the BNB Chain network. Cryptocurrency is used to conduct transactions, pay fees and participate in network management. The choice of asset highlights a strategic approach to portfolio formation.

The market capitalization of BNB exceeded $138 billion in the summer of 2025. This makes the token one of the most sustainable and influential digital assets in the global market. High capitalization reduces volatility and improves the reliability of investments for institutional participants.^[1]

Ministry of Digital Development of Kazakhstan announced the creation of a state cryptocurrency reserve

The Ministry of Digital Development of Kazakhstan is working on the creation of a state cryptocurrency reserve for prompt response to changes in the global financial system. This became known on May 22, 2025.

According to Italic, representatives of the Ministry of Ministry of Digital Development confirmed this information and noted that potential sources of the formation of a cryptocurrency reserve are currently being determined. The purpose of such a reserve may be to store part of state assets in cryptocurrency, participate in the digital economy and support the development of this industry.

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Фото: Freepik

The ministry compared the future cryptocurrency reserve with the National Fund of the Republic of Kazakhstan, which accumulates revenues from the raw materials sector and is used to stabilize the economy and savings for the future. A cryptocurrency reserve can perform a similar function in a digital dimension.

When creating a crypto reserve, the ministry relies on the experience of Switzerland, Singapore and the UAE, where they actively use tokenized assets to improve financial stability and attract investment. Neighboring Kyrgyzstan has similar experience.

The timing of the project and its public discussion are still unknown. The initiative is under development between government agencies. It is also unclear which cryptocurrencies Kazakhstan will use as reserve and whether they will be acquired at the expense of budget funds.

The deputy of the Mazhilis Olzhas Kuspekov proposed to consider the creation of a state digital reserve in cryptocurrency at the National Bank for storing crypto assets seized during criminal cases. Deputy Chairman of the National Bank Berik Sholpankulov said that the creation of a special fund of seized crypto assets is not required.^[2]

Notes