The Alem Crypto Fund has launched in Kazakhstan. It was established by the Ministry of Artificial Intelligence and Digital Development and is managed by Qazaqstan Venture Group. The fund is registered with the Astana International Financial Centre.
The fund’s primary objective is to invest in long-term digital assets and create reserves. Looking ahead, the Alem Crypto Fund may also serve as a state savings tool, further reinforcing its national importance.
«The creation of the Alem Crypto Fund is a step toward the development of digital finance in Kazakhstan. Our goal is to make it a reliable tool for large investors and an important foundation for digital state reserves,» said Zhaslan Madiyev, Kazakhstan’s deputy prime minister and minister of artificial intelligence and digital development.
In support of its objectives, Binance Kazakhstan — a licensed company within the global Binance ecosystem — has become a strategic partner to the fund. The Alem Crypto Fund made its first investment with Binance, purchasing BNB, a token used for transactions, fees and governance on the BNB Chain.
Despite its government association, economist Eldar Shamsutdinov noted that the fund is legally structured as a private entity. He also raised concerns regarding its initial purchase of BNB.
«This isn’t a universal reserve asset like BTC or ETH, but a token tied to Binance’s stability and regulatory risks. Under the guise of a national reserve, we’re essentially betting on a single private project. Such a move increases dependence on one corporation rather than diversifying risks,» Shamsutdinov stated.
Binance told Kursiv.media that BNB’s market capitalization exceeds $138 billion. From Jan. 1, 2024, to Sept. 21, 2025 — its all-time high — each BNB held on Binance generated over $200 in rewards, in addition to a price increase of more than 243%.
The company added that BNB reached $1,000 in just 3,000 days, a milestone surpassed more quickly only by Bitcoin and Ethereum.
