Kazakhstan has launched Alem Crypto Fund, the country’s first state-backed crypto fund, under the Ministry of Artificial Intelligence and Digital Development.
The fund is managed by Qazaqstan Venture Group, licensed by the Astana Financial Services Authority (AFSA), and has made BNB its first investment.
Binance Kazakhstan is the strategic partner, providing infrastructure and security in line with global standards.
Kazakhstan has taken a major step toward advancing digital finance with the launch of Alem Crypto Fund, the nation’s first state-backed crypto reserve.
Registered within the Astana International Financial Centre (AIFC) and licensed by the Astana Financial Services Authority (AFSA), the fund was created by the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan and will be managed by Qazaqstan Venture Group.
The initiative is designed for long-term accumulation and preservation of value in digital assets, with the potential to serve as a vehicle for state-level savings and financial diversification.
“Our goal is to make Alem Crypto Fund a reliable instrument for major investors and a foundation for digital state reserves,” said Zhaslan Madiyev, Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development of the Republic of Kazakhstan.
The fund’s inaugural investment is in BNB, the utility token of the BNB Chain ecosystem. With a market capitalization exceeding $138 billion, BNB is one of the most established digital assets globally. It is widely used for transaction fees on Binance platforms, gas payments on BNB Chain, and serves as a powerful rewards engine.
BNB has also demonstrated remarkable resilience: in 2025 it recorded one of the shallowest drawdowns among top altcoins while consistently ranking in the top four cryptocurrencies by market capitalization (excluding stablecoins). In September 2025, its price reached $1000 for the first time, recording a 243% growth from the beginning of 2024. BNB’s liquidity, broad utility, and ecosystem growth make it a compelling choice for long-term strategies.
Beyond traders, institutional investors and sovereign funds are also adopting BNB. Notably, Druk Holding & Investments, Bhutan’s sovereign investment arm, has disclosed exposure to BNB. Publicly listed companies from sectors such as biotechnology and semiconductors have likewise included BNB in their corporate portfolios, underscoring its recognition as a blue-chip digital asset.
By selecting BNB as its first investment, Alem Crypto Fund signals both confidence in the asset and its ambition to align with global innovation trends.
As the strategic partner of Alem Crypto Fund, Binance Kazakhstan provides advanced infrastructure and security standards in line with international practices.
Nurkhat Kushimov, General Manager of Binance Kazakhstan, said that Binance Kazakhstan is proud to become the strategic partner of Alem Crypto Fund.
He added: “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. This is an important step toward building a transparent and secure digital asset market, where government initiatives and global technologies work together for the benefit of the national economy.”
The launch of Alem Crypto Fund, as well as its choice of BNB as the first investment, reflects Kazakhstan’s determination to strengthen its digital economy and adopt innovative financial tools.
For Binance, this collaboration is part of a global mission to support institutional adoption, build secure and transparent markets, and reinforce trust in digital assets. Together with forward-looking governments and partners, Binance is helping shape the infrastructure of tomorrow’s financial system – one that combines innovation, security, and inclusivity.
