"The fund will be seeded with assets seized or repatriated from abroad, along with proceeds from state-backed bitcoin mining operations. Central bank governor Timur Suleimenov said in London this week that the fund will invest "very carefully" through regulated instruments such as exchange-traded funds (ETFs) and shares of companies involved in digital finance, rather than holding cryptocurrencies like bitcoin directly."
"The initiative, slated for launch by early 2026, represents Kazakhstan's most concrete move yet to institutionalize its crypto strategy after years of experimenting with mining and tightening control over private operators. Officials said the program will be managed under the Astana International Financial Centre (AIFC) - the country's fintech hub - and may eventually include foreign investment partners. The goal, according to officials, was to "repurpose illicitly obtained digital assets" to strengthen Kazakhstan's economic sovereignty."
The fund will be seeded with assets seized or repatriated from abroad and with proceeds from state-backed bitcoin mining operations. The fund will invest through regulated instruments such as exchange-traded funds and shares of companies involved in digital finance rather than holding cryptocurrencies directly. The program is slated to launch by early 2026 and will be managed under the Astana International Financial Centre, with potential foreign investment partners. Plans originated in 2024 when the Agency for Financial Monitoring proposed consolidating confiscated wallets and mined tokens into a national reserve. The initiative aims to repurpose illicitly obtained digital assets to strengthen economic sovereignty and diversify state capital.
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