Kazakhstan to Launch $1B Crypto Fund, Partners With Nvidia in $2B Tech Push
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Kazakhstan is stepping firmly into the digital asset era, but in its own cautious way. According to Bloomberg, the Central Asian nation is creating a national cryptocurrency reserve fund valued between $500 million and $1 billion, aimed at positioning the country as a strategic player in the global blockchain economy. Unlike sovereign Bitcoin holders such as El Salvador, Kazakhstan’s new fund won’t hold tokens directly. Instead, it will invest in exchange-traded funds (ETFs) and crypto-related companies, giving it exposure to the broader digital asset market while avoiding the volatility of individual coins. The reserve fund, expected to launch by early 2026, will be seeded with assets seized or repatriated from abroad, along with proceeds from state-backed crypto mining operations. “No Direct Exposure,” Says Central Bank Chief The Central Bank of Kazakhstan is being deliberate about how it enters the digital finance race. Governor Timur Suleimenov told Bloomberg the fund will be “very careful about direct exposure to cryptocurrencies,” emphasizing a preference for regulated and diversified investments. This means the fund’s portfolio will likely include equity in blockchain infrastructure firms, AI-driven financial technologies, and crypto-ETF products rather than direct Bitcoin or Ethereum holdings. That conservative stance may surprise observers, especially given Kazakhstan’s outsized role in global Bitcoin mining. The country ranks among the world’s top mining hubs, with its state-backed facilities responsible for a meaningful share of Bitcoin’s total hash power. But the approach signals something deeper: a shift toward financial stability and institutional credibility, not speculative hype. Seized Assets, Repatriated Wealth Power the Fund The seed capital for the crypto reserve fund won’t come from public taxes or national debt. Instead, it’s being sourced from assets seized in corruption cases and wealth repatriated from overseas, a growing theme in Kazakhstan’s post-reform financial policy. Over the past three years, the government…
Filed under: News - @ November 9, 2025 4:23 am