Overview
- Central bank governor Timur Suleimenov said in London that the vehicle is slated to be operational by year-end or in January 2026.
- Seed capital will come from repatriated and seized digital assets alongside proceeds from state-backed crypto mining operations.
- The program will be run through a state investment vehicle under the Astana International Financial Centre, with foreign partners potentially joining.
- Authorities have recently cracked down on illicit exchanges, shutting down 130 operations and seizing about $16.7 million in crypto assets.
- Policymakers frame the fund as part of an economic diversification push, with officials also discussing the role of National Fund and reserve assets in related investments.