Kazakhstan has introduced a new crypto reserve, created with state support and in partnership with Binance. This is another step by the country towards digital assets.
The first token in the fund’s portfolio is BNB, which is used to pay fees, vote, and make transactions within the Binance ecosystem. At the time of publication, its price is $1,000.55.
According to the government website, BNB became the fund’s starting position, but the exact purchase volume is not disclosed. It is also not yet known which other crypto assets are planned to be added in the future.
The fund is called Alem Crypto Fund. It was launched by the Ministry of Artificial Intelligence and Digital Development. Management is handled by Qazaqstan Venture Group, and support is provided by the Astana International Financial Centre.
Authorities say the fund will make long-term investments in cryptocurrencies and form a strategic reserve of digital assets.
Binance has been working with Kazakhstan since 2022. That year, the head of the exchange Changpeng Zhao (CZ) signed a memorandum with the Ministry of Digital Development. They agreed to jointly develop the crypto market and create clear rules for it.
See also: Binance, following Coinbase, launches custom crypto services for traditional finance
Interestingly, the news about the launch of Alem Crypto Fund came just a few days after another important event: Kazakhstan introduced its own stablecoin KZTE, backed by the tenge. It operates on the Solana blockchain and was launched in partnership with Mastercard, Intebix and Eurasian Bank.
Kazakhstan continues to develop crypto policy
For several years, Kazakhstan has remained one of the key players in the mining world. In 2021, the country ranked second in bitcoin hashrate — an indicator that reflects the total computing power of miners.
In 2024, President Kassym-Jomart Tokayev called for a review of the rules for the crypto market. That year, 36 unlicensed exchanges were closed in the country, making it clear that the system needed changes.
In spring 2025, the authorities presented the CryptoCity project. This is a test zone where cryptocurrency settlements are officially allowed. And already in September, Tokayev proposed creating a state crypto reserve and a full-fledged digital asset ecosystem. He emphasized that the necessary laws should be ready by 2026.
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The idea did not come out of nowhere. Back in June, the National Bank of Kazakhstan was considering launching a crypto reserve. According to reports, it is planned to be replenished from mining revenues and confiscated assets.
Although Alem Crypto Fund is not directly connected to the Central Bank, it is backed by the state. This confirms that more and more countries are considering including crypto in their national reserves.
El Salvador was the first. In 2021, it not only recognized bitcoin as an official means of payment, but also formed its own BTC reserve.
Bhutan took a different path — it started accumulating bitcoins back in 2019, using state mining facilities for this purpose.
Brazil and Indonesia are now taking similar steps. Both countries are studying how to create their own crypto reserves at the state level.
