Kazakhstan launches its first crypto fund, Alem Crypto Fund, which has invested in BNB

ChainCatcher news, Kazakhstan has launched its first crypto fund, Alem Crypto Fund, initiated by the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan, managed by Qazaqstan Venture Group, and registered within the Astana International Financial Centre (AIFC) ecosystem.

The main objective of the fund is to make long-term investments in digital assets and establish strategic reserves. In the future, Alem Crypto Fund may also serve as a national savings tool, enhancing the country's capabilities in future financial management.

The fund's strategic partner is Binance Kazakhstan------a locally licensed company that is part of the global Binance ecosystem and a leader in the global digital asset industry. In collaboration with Binance Kazakhstan, Alem Crypto Fund has completed its first investment by purchasing BNB------the native token of BNB Chain. BNB can be used for transaction processing, paying fees, and participating in network governance.