Kazakhstan Picks BNB as First Asset for New Crypto Fund

BNB Chosen as First Asset in Kazakhstan’s New State Crypto Fund

Written by Aaron S.,

Editor-In-Chief

Last Updated: September 30, 2025

Key Takeaways

Kazakhstan launches Alem Crypto Fund to build long-term digital reserves, with BNB chosen as its first investment;
The fund follows Kazakhstan’s rollout of KZTE, a tenge-backed stablecoin created with Mastercard, Intebix, and Eurasian Bank;
Managed under AIFC, the fund continues the country’s partnership with Binance, first formalized in a 2022 regulatory agreement.

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Kazakhstan has launched a new government-supported fund focused on digital currencies.

The step follows the country's introduction of its own stablecoin tied to the tenge.

The fund, known as Alem Crypto Fund, was set up by the Ministry of Artificial Intelligence and Digital Development and is managed by Qazaqstan Venture Group under the Astana International Financial Centre (AIFC).

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Its role is to invest in cryptocurrencies for the long term and to build reserves that can support future financial strategies.

According to the government’s announcement on September 29, BNB BNB $1,009.90 was selected as the first purchase. On Binance’s $10.32B blockchain, BNB is used for payments, transaction fees, and voting on network decisions.

The announcement did not reveal how much was bought, nor did it say which other digital currencies might be added later.

Kazakhstan’s partnership with Binance has been in place since 2022, when Changpeng Zhao signed an agreement with the Ministry of Digital Development. That deal focused on creating clearer rules for crypto activity in the country, which laid the groundwork for today’s collaboration.

This new reserve follows the recent release of KZTE, a tenge-backed token issued on the Solana SOL $206.75 blockchain through cooperation with Mastercard, Intebix, and Eurasian Bank.

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