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Kazakhstan has launched its first encryption fund, Alem Crypto Fund, which has invested in BNB.
On September 30, according to foreign media reports, Kazakhstan has launched its first encryption fund, Alem Crypto Fund. The fund was initiated by the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan, managed by Qazaqstan Venture Group, and registered within the Astana International Financial Center (AIFC) ecosystem. The main goal of the fund is to make long-term investments in digital assets and establish strategic reserves. In the future, Alem Crypto Fund may also serve as a national savings tool, enhancing the country's capacity in financial management. The strategic partner of the fund is CEX Kazakhstan, a locally licensed company that is part of the global CEX ecosystem and a leader in the global digital asset industry. With the cooperation of CEX Kazakhstan, Alem Crypto Fund has completed its first investment by purchasing BNB, the native token of BNB Chain. BNB can be used for transaction processing, paying fees, and participating in network governance.