TechFlow news, September 29 — According to official announcements, Kazakhstan has launched and commenced operations of its first cryptocurrency fund, Alem Crypto Fund. Established by the Ministry of Artificial Intelligence and Digital Development of Kazakhstan and managed by Qazaqstan Venture Group, the fund is registered within the Astana International Financial Center (AIFC) ecosystem.
The fund's primary objective is long-term investment in digital assets and building strategic reserves, potentially serving as a national savings instrument in the future to enhance the country's capacity in managing next-generation finance. Binance Kazakhstan is the fund's strategic partner.
Alem Crypto Fund completed its first investment in collaboration with Binance Kazakhstan by purchasing BNB. Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development Zhaslan Madiyev stated that establishing the fund marks a significant step forward in advancing Kazakhstan's digital financial development.
