Kazakhstan Launches Alem Crypto Fund at AIFC, Taps Binance for Custody

CN
3 hours ago

Backed by the Ministry of Artificial Intelligence (AI) and Digital Development and managed by Qazaqstan Venture Group, the vehicle is registered inside the Astana International Financial Centre (AIFC).

According to the release shared with Bitcoin.com News, its mandate includes long-term allocations in digital assets and the gradual buildout of strategic reserves for the state.

Being domiciled at the AIFC brings English-law courts, an onshore regulator, and familiar fund plumbing—features designed to attract foreign capital while keeping operational standards squarely in line with global norms.

Officials say the fund could evolve into a formal savings instrument for the republic, giving Kazakhstan a way to park value in tomorrow’s rails while keeping one eye on risk and oversight.

Deputy Prime Minister Zhaslan Madiyev, who also serves as minister for artificial intelligence (AI) and digital development, framed the launch as a push to make institutional-grade crypto finance routine in Kazakhstan, with an emphasis on reliability and scale.

The fund also named Binance Kazakhstan as its strategic partner within the AIFC framework, leaning on a locally licensed operator to anchor custody and execution in a regulated venue.

For its debut allocation, Alem Crypto Fund picked BNB, the native token of the BNB Chain used for transactions, fees, and governance. In mid-2025, BNB’s market capitalization topped $138 billion, putting it among the heaviest hitters in crypto by size.

Binance Kazakhstan’s leadership cast the partnership as proof that government initiatives and global crypto infrastructure can mesh when licensing and guardrails are in place.

If the model works, expect follow-on allocations and a slow-and-steady reserve strategy aimed at liquidity, transparency, and policy optionality—not headline-chasing bets. Kazakhstan appears keen to make digital reserves a hedge, which is exactly how sovereign finance likes it.



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