Kazakhstan Launches Alem Crypto Fund, Purchases BNB Through Binance

Kazakhstan has introduced the Alem Crypto Fund, its first state-backed investment vehicle for digital assets.
The fund is managed by Qazaqstan Investment Corporation and functions under the Astana International Financial Centre (AIFC).
The fund's initial acquisition was BNB, in collaboration with Binance Kazakhstan, an AIFC-licensed exchange. The purchase amount remains undisclosed.
Deputy Prime Minister Zhaslan Madiyev described it as a strategic, long-term initiative within a regulated framework, contrasting previous actions against unlicensed platforms.
BNB may provide staking rewards and governance advantages.
Former Binance CEO CZ praised the move, highlighting Kazakhstan's ongoing support for regulated crypto adoption.