Kazakhstan’s central bank has set aside $350 million to invest in the crypto sector, with plans to begin deploying the funds as early as next month, according to a Reuters report on Friday.
Speaking at an interest rate briefing in Almaty, Governor Timur Suleimenov said the National Bank of Kazakhstan is compiling a list of eligible investments that will go beyond direct cryptocurrency holdings.
“We are currently developing a list of instruments in which we will invest. This includes not only cryptocurrency itself,” Suleimenov opined.
He added that the National Bank of Kazakhstan is also exploring investments in shares of high-tech companies connected to crypto and digital financial assets, as well as index funds and other instruments that tend to move in line with crypto markets.
The initiative, funded from the country’s gold and foreign exchange reserves—which stood at nearly $70 billion as of Feb. 1—reflects Kazakhstan’s effort to diversify beyond traditional stores of value while committing only a relatively small portion of its capital.
Deputy central bank chair Aliya Moldabekova said the investments are expected to be made in April and May, stressing that authorities are proceeding with a cautious approach.
“We are not talking about any large investment in cryptocurrencies,” Moldabekova postulated, according to Reuters. “We are currently selecting companies that deal with digital assets, for example, those involved in cryptocurrency infrastructure.”
Kazakhstan Steps Up Its Digital Asset Game
The move comes as Kazakhstan steps up its efforts to incorporate digital assets into the national financial system.
Kazakhstan emerged as a major hub for Bitcoin mining after China’s 2021 ban on crypto mining forced operators to relocate overseas. In 2025, Astana-based Fonte Capital launched Central Asia’s first spot Bitcoin ETF (BETF), providing regulated, physically backed exposure to the maiden cryptocurrency.
In June 2025, Kazakhstan announced plans to create a national cryptocurrency reserve, funded by confiscated digital assets and coins mined through state-backed operations.
By November, authorities were also mulling a separate crypto reserve fund valued between $500 million and $1 billion. This initiative would focus on investing in exchange-traded funds and crypto-focused companies rather than holding Bitcoin or other tokens directly, using proceeds from assets seized or repatriated from abroad.
Source: https://zycrypto.com/kazakhstan-central-bank-targets-massive-350m-investment-in-crypto-assets-this-spring/
