Kazakhstan to Launch $500M–$1B National Crypto Reserve Fund Using Recovered Assets
Kazakhstan will create a $500M–$1B crypto reserve fund by 2026, leveraging recovered overseas assets and mining revenues to invest in ETFs and blockchain companies.
Summary
Kazakhstan announced it will establish a $500 million to $1 billion national crypto reserve fund by early 2026, aiming to integrate digital assets into its economic diversification strategy. Funded by recovered overseas assets and state mining revenues, the initiative will invest in exchange-traded funds and cryptocurrency-related firms. Officials indicated the move aligns with the country's plan to reduce dependence on oil by expanding into emerging financial technologies.
Terms & Concepts
- Crypto Reserve Fund: A government-managed pool of capital allocated for investments in cryptocurrencies and related assets.
- ETF (Exchange-Traded Fund): A regulated investment vehicle that trades on stock exchanges and holds a portfolio of assets such as stocks, bonds, or cryptocurrencies.