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    Central Asia’s maiden crypto fund launched in Kazakhstan

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    By Dipanjan Roy Chaudhury

    Copyright indiatimes

    Central Asia's maiden crypto fund launched in Kazakhstan

    ReutersA representation of cryptocurrencies

    Central Asia’s maiden Crypto fund has been launched in Kazakhstan.Alem Crypto Fund has started operating in Kazakhstan. It was established by the Ministry of Artificial Intelligence and Digital Development of Kazakhstan, managed by Qazaqstan Venture Group and registered within the ecosystem of the Astana International Financial Centre (AIFC).The primary objective of the fund is to make long-term investments in digital assets and to build strategic reserves. In the future, Alem Crypto Fund may also serve as a vehicle for state-level savings, expanding the country’s capabilities in managing the finances of tomorrow.”The creation of the Alem Crypto Fund is a step toward advancing digital finance in Kazakhstan. Our goal is to make it a reliable instrument for major investors and a key foundation for digital state reserves,” noted Zhaslan Madiyev, Deputy Prime Minister – Minister of Artificial Intelligence and Digital Development of the Republic of Kazakhstan.The strategic partner of the fund is Binance Kazakhstan – a locally licensed company within the global Binance ecosystem, the world’s leading player in the digital asset industry.Live EventsIn partnership with Binance Kazakhstan, Alem Crypto Fund made its first investment by acquiring BNB – the native token of the BNB Chain.BNB is used for processing transactions, paying fees and participating in network governance.Add as a Reliable and Trusted News Source Add Now!
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    (You can now subscribe to our Economic Times WhatsApp channel)Read More News oncryptocentral asia crypto fundkazakhstan crypto fundcryptocurrecyAstana International Financial Centre(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless

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