The Kazakhstan central bank plans to invest up to $350 million from its gold and foreign exchange reserves into digital asset-related investments as the country explores ways to diversify its reserve portfolio and gain exposure to the growing crypto economy.
The National Bank of Kazakhstan Governor said the institution is preparing a list of instruments for the allocation, which will include not only cryptocurrencies but also shares of companies involved in digital assets and related financial products.
The planned portfolio will target high-tech firms linked to
cryptocurrency infrastructure,
crypto-related equities, and
index funds that track digital asset markets,
according to the central bank.
The deputy central bank chair said the authorities were taking a cautious approach and are currently identifying companies working in digital-asset services and infrastructure before deploying the funds.
Investments are expected to begin between April and May 2026.
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Officials emphasized that the initiative does not represent a major shift into direct cryptocurrency holdings but rather a diversified exposure to the broader digital-asset sector.
Kazakhstan’s gold and foreign exchange reserves stood at about $69.4 billion as of February 1 2026, meaning the allocation would represent only a small fraction of the country’s reserve assets.
The move comes as the central asian nation continues to position itself as a regional hub for the crypto industry after attracting mining operations following China’s 2021 crackdown on bitcoin mining.
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