Kazakhstan launches a national-level cryptocurrency reserve fund, with the first investment being BNB

ChainCatcher news, according to GOV.KZ, Kazakhstan has launched the "Alem Crypto Fund," established by the Ministry of Artificial Intelligence and Digital Development, managed by Qazaqstan Venture Group, and registered in the AIFC.

The fund is positioned for long-term allocation of digital assets and strategic reserves, and may be used for national-level savings in the future. Its strategic partner is Binance Kazakhstan, with the first investment being BNB, used for transaction processing, fee payments, and governance. The official statement claims that the market value of BNB exceeds 13.8 billion USD. The fund aims to serve large investors and become the foundation of the digital national reserve.