Kazakhstan to launch $1 billion crypto reserve fund using seized assets by 2026: Bloomberg
Kazakhstan plans to launch a national cryptocurrency reserve fund worth up to $1 billion by early 2026, using seized assets and state mining proceeds.Summary
Kazakhstan is establishing a national cryptocurrency reserve fund, valued between $500 million and $1 billion, which is expected to launch by early 2026. This fund will be seeded with assets seized or repatriated from abroad, alongside proceeds from state-backed mining operations. Instead of holding cryptocurrencies directly, the fund will invest in crypto-focused companies and exchange-traded funds (ETFs). This initiative represents a significant institutionalization of the country's crypto strategy, building on previous plans to consolidate seized wallets and state-mined tokens to support economic sovereignty. The fund will be managed by a state investment vehicle, potentially involving foreign partners, and will operate under the Astana International Financial Centre (AIFC).
(Source：The Block)