📢 Binance News: Kazakhstan Launches State-Backed Crypto Fund with BNB
Kazakhstan has officially launched its first state-backed crypto reserve fund, called the Alem Crypto Fund, with BNB as its inaugural digital asset.
The fund is a collaborative effort with Binance Kazakhstan, operating under the oversight of the Ministry of Artificial Intelligence and Digital Development, and is managed by Qazaqstan Venture Group.
Key Highlights
The Alem Crypto Fund is registered under the Astana International Financial Centre (AIFC), and its operations are subject to regulation under the Astana Financial Services Authority (AFSA).
Binance Kazakhstan is a strategic partner, providing infrastructure and support to ensure compliance, security, and transparency.
In its first move, the fund acquired BNB, the native token of the BNB Chain.
While the precise amount of BNB acquired was not disclosed, officials emphasize this is a long-term investment meant to support Kazakhstan’s digital economy and strategic asset diversification.
Deputy Prime Minister Zhaslan Madiyev stated that the fund’s goal is to become “a reliable instrument for major investors and a foundation for digital state reserves.”
“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.”
— Nurkhat Kushimov, General Manager, Binance Kazakhstan
This move marks a significant milestone in state-level digital asset adoption, and positions BNB as not just an exchange utility token but a core component in sovereign reserve strategy.
