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Kazakhstan Confirms $500 Million to $1 Billion State Digital-Asset Reserve Targeting Year-End Launch

Officials cast the initiative as a shift away from oil dependency through regulated exposure rather than direct cryptocurrency holdings.

Overview

  • National Bank governor Timur Suleimenov said the fund could be operational by year-end or in January 2026, according to Bloomberg.
  • Initial capital will come from assets seized or repatriated from abroad along with proceeds from state-backed bitcoin mining operations.
  • Investments will be made through exchange-traded funds and shares of digital finance companies, avoiding direct custody of tokens.
  • The program is expected to operate under the Astana International Financial Centre via a state investment vehicle with potential foreign partners.
  • Planned allocations include crypto-adjacent sectors such as blockchain infrastructure, data centers, and fintech platforms.