Kazakhstan to Launch $1B National Crypto Reserve Fund in Bold Diversification Push
The reserve will avoid holding tokens directly, instead investing through exchange-traded products and digital-asset-related companies via the AIFC.
The project aligns with recent legislative reforms, including licensing rules, payment cards tied to exchange wallets, and stablecoin-based regulatory fee payments.
Kazakhstan has outlined a plan to build a state cryptocurrency reserve, estimating its value at between US$500 million (AU$769 million) and US$1 billion (AU$1.53 billion). Authorities expect the framework to come into effect in 2026, with the Astana International Financial Centre (AIFC) acting as the operational base for the programme. Bloomberg reporting states that the state intends to capitalise the reserve using digital assets seized through criminal investigations and funds repatriated from overseas, together with proceeds from state-controlled mining efforts.
The government will not hold cryptocurrencies directly within the reserve. Instead, the fund is designed to invest in exchange-traded products and shares of businesses involved in blockchain and digital asset services.
This approach reflects earlier planning discussions in mid-2024, when officials proposed consolidating mined tokens and confiscated wallets into a unified state-backed reserve. At the time, the country’s Agency for Financial Monitoring described the initiative as a way to transform illicitly obtained digital assets into tools that reinforce economic sovereignty.
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A Broader Regulatory Shift
National Bank governor Timur Suleimenov reiterated in June that confiscated Bitcoin would form part of the foundation for the reserve. In September, President Kassym-Jomart Tokayev directed relevant agencies to accelerate the project’s rollout, signalling its strategic significance. The reserve also aligns with legislation developed earlier in the year, which clarified the legal standing of crypto exchange platforms and introduced licensing requirements for their operation.
Additional regulatory advances include approval for payment cards linked to wallets on AIFC-licensed exchanges and authorisation for regulatory fee payments in stablecoins.
The AIFC will ultimately manage the reserve, with officials noting the potential involvement of foreign partners after the launch phase. As presented, the initiative is part of Kazakhstan’s broader effort to formalise its digital asset infrastructure and embed crypto activity within regulated financial channels.
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Filed under: Bitcoin - @ November 10, 2025 4:42 am