Kazakhstan launches Alem Crypto Fund for digital assets
The state-backed fund has begun operating within AIFC, focusing on digital asset investments and future strategic reserves for Kazakhstan.
Kazakhstan has launched the Alem Crypto Fund to strengthen its presence in digital finance. The state-backed fund, created by the Ministry of Artificial Intelligence and Digital Development, will focus on long-term investments in digital assets and forming strategic reserves.
The initiative is managed by Qazaqstan Venture Group and registered within the Astana International Financial Centre (AIFC), a hub for financial innovation. Officials have suggested the fund could evolve into a tool for state-level savings, enhancing the country’s economic resilience.
Binance Kazakhstan, a locally licensed arm of the global exchange, has been named the fund’s strategic partner. They made their first investment in BNB, the native token of BNB Chain, which holds a market capitalisation of over $138 billion.
Government representatives and Binance Kazakhstan described the collaboration as a milestone for institutional recognition of cryptocurrencies in Kazakhstan. It signals a move toward a more transparent and secure digital asset market integrated with global technologies.
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