Kazakhstan Launches Alem Crypto Fund to Drive Digital Asset Investment

Kazakhstan has officially launched the Alem Crypto Fund, a strategic initiative aimed at long-term investment in digital assets.

The move reflects the country’s broader vision to advance its digital finance sector and establish itself as a leader in next-generation financial technologies, The Caspian Post informs via Kazakh media.

The fund was established by the Ministry of Artificial Intelligence and Digital Development and will be managed by Qazaqstan Venture Group. It is officially registered within the ecosystem of the Astana International Financial Centre (AIFC), which serves as the country’s key platform for fintech and capital markets development.

Structured as a national digital reserve, the Alem Crypto Fund will focus on building long-term holdings in digital assets, with the potential to function as a sovereign savings tool. This would strengthen Kazakhstan’s financial resilience and its ability to adapt to future economic shifts driven by digitalization.

“The creation of Alem Crypto Fund marks an important milestone in Kazakhstan’s journey toward building a robust digital financial system. Our aim is to make it a trusted platform for institutional investors and a core component of the country’s digital reserves,” said Zhaslan Madiyev, Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development.

The fund’s strategic partner is Binance Kazakhstan, a licensed operator connected to the global Binance ecosystem, the world’s largest cryptocurrency exchange. This collaboration is expected to bolster the fund’s technical expertise and access to global digital asset markets.

The National Bank of Kazakhstan has also backed the initiative, emphasizing the importance of transparent governance, secure asset storage, and prudent risk management-all aligned with international best practices for sovereign wealth and crypto reserve funds.

As Kazakhstan moves forward with its digital finance agenda, the Alem Crypto Fund is expected to play a central role in shaping the country’s financial infrastructure and attracting institutional investment in the crypto economy.