Kazakhstan to Establish a State Digital Asset Fund
Date: 2025-09-09 Author: Henry Casey Categories: IN WORLD
In his annual address to the nation, Kazakhstan President Kassym-Jomart Tokayev announced the decision to establish a state digital asset fund. Its management will be entrusted to the National Bank, and the fund itself will be created on the basis of its Investment Corporation. The main objective of the initiative is to form a crypto reserve in which it is planned to store the most common and stable cryptocurrencies.
At the same time, the head of state presented a large-scale investment program worth $1 billion. Its goal is to stimulate the inflow of capital into the country's economy. Prime Minister Olzhas Bektenov will prepare proposals for the implementation of the program, and he has been instructed to present the project within ten days.
Another important element of the digital strategy is the expansion of the scope of application of the digital tenge. It is currently used in projects financed by the National Fund. In the future, its integration will extend to state budgets at various levels, including the republican, regional administrations and large state holdings.
It is worth noting that 2025 was a turning point for Kazakhstan in terms of the development of the crypto market. Thus, in the summer, the National Bank began to consider the possibility of investing part of the gold and foreign exchange reserves and assets of the National Fund in the crypto industry. Among the areas mentioned were cryptocurrencies, exchange-traded funds (ETF), as well as shares of companies operating in the field of digital assets.
An equally significant event was the launch of the first spot bitcoin fund in Central Asia by Fonte Capital in August - Fonte Bitcoin Exchange Traded Fund OEIC (BETF). This step demonstrated that interest in digital instruments at the level of private capital and institutional players in the country continues to grow.
Thus, Kazakhstan is moving towards creating a full-fledged infrastructure for working with digital assets. The formation of a state crypto reserve and the launch of investment initiatives can become the basis for strengthening financial stability, attracting investors and strengthening the country's role in the global crypto sector.
