Kazakhstan has launched its first state crypto reserve called the Alem Crypto Fund on September 29, 2025.
According to the press release, the fund was created by the Ministry of Artificial Intelligence and Digital Development, managed by Qazaqstan Venture Group, and registered under the Astana International Financial Centre. The main goal is to build long-term reserves of digital assets and to prepare for the future of finance with a regulated structure.
Deputy Prime Minister – Minister of Artificial Intelligence and Digital Development, Zhaslan Madiyev, said, “The creation of the Alem Crypto Fund is a step toward advancing digital finance in Kazakhstan. Our goal is to make it a reliable instrument for major investors and a key foundation for digital state reserves.”
The Alem Crypto Fund has formed a partnership with Binance Kazakhstan, a licensed exchange within the global Binance network. Together, they completed their first investment by purchasing BNB, the native token of the BNB Chain.
BNB is used to pay network fees, process transactions, and take part in governance decisions. The token is one of the largest digital assets in the world, with a market cap of over 140 billion dollars, according to CoinMarketCap.
Nurkhat Kushimov, General Manager of Binance Kazakhstan, said, “We are proud that Binance Kazakhstan has become the strategic partner of the Alem Crypto Fund. The fund’s choice of BNB as its first digital asset highlights the trust in the Binance ecosystem and marks a new chapter for institutional recognition of cryptocurrencies in Kazakhstan.”
The fund has been placed within the Astana International Financial Centre, which has its own framework for financial services. This makes the fund part of a formal structure while being backed by government authority.
Kazakhstan is using a method often seen with gold or foreign currency reserves but applying it to digital assets for the first time.
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