Kazakhstan Launches First BNB Crypto Reserve Dubbed Alem Crypto Fund

Kazakhstan has officially launched a digital asset acquisition vehicle called the Alem Crypto Fund. The fund has made its first investment by acquiring BNB, the native token of the Binance chain. The move marks a significant step in the country’s digital finance strategy. The fund is established by the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan, and managed by Qazaqstan Venture Group. Additionally, it is registered within the ecosystem of the Astana International Financial Centre (AIFC).