Kazakhstan to Launch $500M-$1B National Crypto Reserve Fund by 2026

Kazakhstan is preparing to establish a national cryptocurrency reserve fund with an estimated valuation between $500 million and $1 billion. The fund will primarily utilize seized and repatriated digital assets, according to Central Bank Governor Timur Suleimenov.

The initiative, announced during a Bloomberg interview in London, will focus on indirect exposure to the crypto sector through ETFs and equity investments in related companies. "We are taking a cautious approach," Suleimenov emphasized, ruling out direct cryptocurrency holdings.

Deputy Chairman Berik Sholpankulov revealed plans to potentially allocate portions of the National Fund's assets, including gold and foreign exchange reserves, to crypto-linked investments. All such activities WOULD be managed through a forthcoming state-run digital asset fund.

Confiscated cryptocurrencies will FORM the core of this strategic government reserve. The fund is expected to become operational by early 2025, marking a significant institutional step in Kazakhstan's crypto adoption framework.