Kazakhstan is taking another major step toward institutional crypto adoption.
According to reports from Bloomberg Law, the country’s National Bank is in the process of establishing a national cryptocurrency reserve fund, with an estimated valuation between $500 million and $1 billion. The fund is expected to be operational by the end of 2025 or early 2026, marking a historic milestone for the Central Asian nation.
Building a Strategic Digital Asset Reserve
The reserve will be financed through a combination of seized assets from illegal activity and capital from the country’s gold and foreign currency reserves, which may be partially converted into Bitcoin and other major cryptocurrencies.
Officials say the move is part of a long-term effort to strengthen Kazakhstan’s digital economy, enhance financial diversification, and position the country as a leader in blockchain integration across Central Asia.
Institutional Investments and Broader Integration
Beyond direct crypto holdings, the fund will also invest in exchange-traded funds (ETFs) and public companies involved in the digital asset sector, signaling a strategy similar to sovereign wealth diversification models seen in traditional finance.
This development follows the country’s launch of Central Asia’s first spot Bitcoin ETF in August 2025, as well as new regulatory frameworks for crypto mining and exchange licensing earlier this year. Together, these initiatives reflect Kazakhstan’s continued pivot toward legitimizing and expanding its participation in the global crypto economy.