Kazakhstan to Build $700M Crypto Reserve Using State Assets

Highlights:

• Kazakhstan plans a national crypto reserve that could reach up to $700 million.
• Funding will come from National Bank reserves, National Fund, and seized digital assets.
• Reserve funds will invest in digital assets and companies building blockchain technology.

Kazakhstan’s government and central bank plan to invest up to $700 million in crypto-related assets. Officials from the National Bank of Kazakhstan said the government will use funds from several state financial sources. Around $350 million will come from the national reserves. Another $350 million will come from other strategic government assets. This plan helps Kazakhstan diversify its investments and manage financial risk carefully while exploring opportunities in the digital asset market.

🚨KAZAKHSTAN CENTRAL BANK TO INVEST IN CRYPTO

Kazakhstan’s central bank is allocating up to $350M from its gold and FX reserves to invest in crypto and related instruments, governor Timur Suleimanov said. pic.twitter.com/88KGn3IJrO

— Coin Bureau (@coinbureau) March 6, 2026

Central Bank to Explore Multiple Digital Asset Investments

Suleimanov said that the central bank will invest in a variety of digital asset instruments beyond just cryptocurrencies like Bitcoin or Ethereum. The portfolio could include shares in technology and crypto-focused companies, index funds linked to digital asset performance, and other financial products that track crypto trends. Authorities believe this measured approach will allow Kazakhstan to participate in the sector’s growth while maintaining financial stability.

Deputy Chair Aliya Moldabekova said the bank is still finalizing the list of assets. Investments are expected to start around April or May. She said the bank will take a careful approach and focus first on infrastructure and indirect exposure instead of large, direct crypto purchases. Moldabekova added that the current work is mostly about selecting and evaluating companies and financial instruments that fit the bank’s investment goals.

As of February 1, the National Bank held $69.40 billion in gold and foreign exchange reserves. The Kazakhstan National Fund added another $65.23 billion. Compared to these totals, the planned crypto investment is small, which shows a careful diversification strategy rather than a risky move.

Kazakhstan Plans Slow and Careful Entry Into Crypto Market

Kazakhstan has taken several steps in recent years to strengthen its role in the digital asset sector. Last June, the government announced plans to create a national cryptocurrency reserve funded by seized digital assets and coins produced through state-backed mining operations.

In November, Bloomberg reported that the country was considering building a reserve valued between $500 million and $1 billion by early 2026. Officials explained that the fund would not rely only on new government spending. Instead, authorities plan to seed the reserve with crypto assets seized by the state, funds repatriated from abroad, and revenue generated from state-backed crypto mining operations.

According to Bloomberg, Kazakhstan is establishing a national cryptocurrency reserve fund worth between $500 million and $1 billion, partly using assets seized or repatriated from abroad. The fund will invest in ETFs and crypto-related companies, avoiding direct crypto exposure,…

— Wu Blockchain (@WuBlockchain) November 7, 2025

Kazakhstan is also expanding its digital asset infrastructure beyond investment plans. The National Bank is overseeing the development of a tenge-backed stablecoin called Evo (KZTE), created with private partners on the Solana blockchain. The purpose of the development of the stablecoin is to support the daily digital payments in the regulated environment. At the same time, the country is working on the development of the central bank digital currency, named digital tenge.