Kazakhstan launches state-run Alem Crypto Fund, Purchase Binance Coin details here

Kazakhstan launched its own investment vehicle, Alem Crypto Fund, on Tuesday, 30 September 2025, as the country is aimed at investing in long-term cryptocurrency investments, according to a CoinMarketCap report. According to the agency report, the fund made its first purchase of the Binance Coin, which has a partnership with the company Binance Kazakhstan for the initiative. Why did Kazakhstan set up a cryptophonds? Kazakstan’s Ministry of Artificial Intelligence and Digital Development created the Alem Crypto Fund, which works under the management of Qazaqstan Venture Group, within the financial center known as the Astana International Financial Center (AIFC). According to the News Portal report, which cited the officials, the exact amount of Binance Coin (BNB) or plans for additional cryptocurrency investments, it did not disclose. The purpose of Alem Crypto Fund is to make long -term investments in digital assets while building strategic reserves for the country. The BNB also serves as a utility stance, fees and management on Binance’s blockchain infrastructure. Binance’s partnership with the government of Kazakhstan According to the CoinMarketCap report, Binance has maintained its partnership with the Kazakhstan government since 2022. Binance’s former CEO, Changpeng Zhao, has signed a memorandum of understanding (sleeve) with the ministry of digital development. This came after Kazakhstan Kzte, his ten-supported stableecoin on the Solana network, proposed by partnerships with Mastercard, Intebix and Eurasian Bank, according to the news release. Kazakhstan has a population of nearly 20 million people, which according to the report is an important pivot for crypto mining operations. President Kassym-Jomart Tokayev called on regulators to adopt more transparent legal frameworks for digital assets in 2024, following the authorities’ closing of 36 unlicensed exchanges. In May 2025, the country revealed plans for cryptocity, a pilot zone that allows crypto payments within its borders. Earlier this month, Tokayev advocated for a strategic crypto reserve and a comprehensive digital assets ecosystem, with legislation expected before 2026. The Alem Crypto Fund represents a state-supported initiative, which emphasizes the growing trend of countries that add BTC and crypto to national Tasure, although it is different from a central banking reserve. Other countries such as El Salvador and Bhutan have crypto reserves and mining operations in the state, while Brazil and Indonesia are investigating options to build national strategic digital assets reserves.