The Alem Crypto Fund from Kazakhstan makes the first move with BNB

Kazakhstan founded the first Crypto Fund sponsored by the State, the Alem Crypto Fund, which made its initial investment in BNB.

Kazakhstan has launched the Alem Crypto Fund, the first fund supported by the state to make an initial investment in digital assets.

The choice of the fund to invest in Binance Coin (BNB) instead of Bitcoin (BTC) has been praised by Binance executives as a step in the direction of BNB institutional recognition.

New reserve strategy

The Kazakhstan Ministry of Artificial Intelligence and Digital Development has announced that the new Alem Crypto Fund has officially made its first BNB purchase. Owned by the Qazaqstan Venture Group and active under the Astana International Financial Center (AIFC), this step represents the first reserve investments supported by the State in digital assets.

The addition of BNB to his treasury is an important shift for Kazakhstan, which has so far been familiar on raw materials such as uranium, oil and gas to retain its reserves. Moreover, the choice of the fund to invest in the indigenous token of Binance instead of Bitcoin, in contrast to previous government approaches, is in the largest ecosystem in the world change.

The development is part of a growing trend of countries that take into account digital asset reserves. However, Kazakhstan’s approach is more institutional and focused on building infrastructure.

Although the exact amount spent on the BNB Munt was not announced, the Binance community enthusiastically welcomed the action of Kazakhstan. CEO Richard Teng said Via X that the country ‘sets the pace in digital finances’, while co-founder of Binance Changpeng Zhao described BNB’s increase at an activum at state level as a milestone next to Bitcoin and Ethereum.

The announcement took place only a week after Kazakhstan, Mastercard, Intebix and Eurasian bank introduced the Tenge-Pegged Stablecoin KZTE on the Solana network.

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Balancing innovation with stability

Civil servants say that the first acquisition of the Alem Fund demonstrates the ambition and caution of the country. The use of BNB has spread further than the exchange users to companies that use it for treasury management, and the action of Kazakhstan can accelerate this trend on a national scale.

With a population of more than 20 million, the Central -Asian country has long been an important center for crypto -mining. According to Bitcoin Hashrate, which measures the total amount of processing power used by miners to secure the network and process transactions, the second in the world was assessed in 2021.

Elsewhere, Kazakhstan had previously announced plans to create a pilot -economic zone called “Cryptocity”, where crypto payments will be accepted under government supervision. The aim of the project is to test the integration of digital currencies in regular matters, while adhering to financial rules.

President Kassym-Jomart Tokayev took a further step earlier this month and argued for the establishment of a “full-fledged ecosystem of digital assets” and a strategic crypto-reserve. He emphasized the intention of the government to integrate crypto into the long -term economic structure of the nation by leading parliamentary members to develop full legislation by 2026.