Partnering with Solana (SOL), the country established its first state-backed crypto fund and made its first investment in another surprising altcoin.

Kazakhstan announced the establishment of a state-owned cryptocurrency fund and the first investment was made in BNB. A new move came from Kazakhstan, which partnered with the Solana (SOL) Foundation last June and announced plans to establish a Bitcoin (BTC) reserve. Accordingly, Kazakhstan announced the establishment of a state-owned cryptocurrency fund. The official statement announced the launch of the state-owned cryptocurrency fund, the Alem Crypto Fund.