Kazakhstan proposes digital asset fund, launches AI Ministry
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Homepage > News > Business > Kazakhstan proposes digital asset fund, launches AI Ministry Kazakhstan President Kassym-Jomart Tokayev has called for the establishment of a national digital asset fund and the integration of digital asset payments in the country’s upcoming smart city. In his annual address this week, Tokayev reiterated his government’s commitment to embracing emerging technology, from blockchain and digital assets to artificial intelligence (AI) and big data. The centrist leader, who took over in 2019, has joined United States President Donald Trump and nearly a dozen other nations in pushing for a national ‘crypto’ reserve. “Given the demands of the modern era, it is necessary to focus on cryptoassets. It is advisable to create a State Fund of Digital Assets on the basis of the National Bank’s Investment Corporation,” he stated. The new fund will consist of “promising assets in the new digital financial system.” The Investment Corporation is a state-owned enterprise under the central bank that manages over $60 billion across high-yield assets, including hedge funds, private equity, and infrastructure. While it has never invested in digital assets, the government pledged last month to divest some of its funds in emerging technologies like AI. The Kazakh leader is the latest to call for a national digital asset fund as the Trump-fueled mania spreads globally. In May, Pakistan announced plans to establish its own reserve, kickstarting it with around 200,000 BTC the government has seized from criminals over the years. Others, like the Czech Republic, are weighing similar moves, with the central bank head proposing investing up to 5% of its $145 billion reserves in digital assets. It’s not the first time a ‘crypto’ reserve has been proposed in Kazakhstan. Two months ago, the governor of the National Bank of Kazakhstan (NBK), Timur Suleimenov, called for the reserve,…
Filed under: News - @ September 11, 2025 9:29 am