Kazakhstan has launched the Alem Crypto Fund , its first state-backed initiative to invest in digital assets. The fund is managed by Qazaqstan Investment Corporation and operates under the Astana International Financial Centre (AIFC) . Its first purchase was BNB , made in partnership with Binance Kazakhstan , a licensed AIFC exchange. Officials did not disclose the amount. Deputy Prime Minister Zhaslan Madiyev called it a strategic, long-term move. Unlike past crackdowns on unlicensed platforms, this fund operates within a regulated framework. BNB may offer staking rewards and governance benefits. Former Binance CEO CZ welcomed the move, citing Kazakhstan’s continued support for regulated crypto adoption.
