Kazakhstan plans to establish a state fund for digital assets, which will be part of the structure of the country’s National Bank. The corresponding directive was given by President Kassym-Jomart Tokayev during his annual address to the nation.
This is reported by Business • Media
Digital Asset Fund: A Strategic Initiative
It is known that the new fund will be organized based on the Investment Corporation of the National Bank of Kazakhstan. The main task is to form a state-level crypto reserve. This fund aims to store “the most common and reliable cryptocurrencies,” which is expected to enhance the resilience of the financial system and provide new investment opportunities.
“The main goal is to form a strategic crypto reserve. It is planned to store ‘the most common and reliable cryptocurrencies’ in it,” Tokayev stated in his speech.
New Investments and Expansion of Digital Tenge Usage
In addition to the fund’s creation, the president announced the launch of a new investment program worth $1 billion, aimed at attracting additional capital into the economy. Prime Minister Olzhas Bektanov has been tasked with preparing specific proposals for implementing this program within 10 days.
Tokayev also emphasized that the digital tenge is already being used to finance state projects from the National Fund. In the future, its application is planned to be expanded to the budgets of both republican and local levels, as well as to state holdings.
As of 2025, the cryptocurrency sector in Kazakhstan is developing dynamically. In July, the country’s National Bank explored the possibility of diversifying reserves, including by investing part of the gold and foreign exchange reserves and National Fund assets into cryptocurrencies, exchange-traded funds (ETFs), and shares of companies operating in the digital asset sector.
In August 2025, the Kazakhstan Investment Company Fonte Capital presented the first spot exchange-traded fund for Bitcoin in Central Asia — the Fonte Bitcoin Exchange Traded Fund OEIC (BETF), marking another step towards integrating cryptocurrencies into the national economy.