Kazakhstan has announced plans to establish a state fund for digital assets, with a focus on building a strategic bitcoin reserve. President Kassym-Jomart Tokayev confirmed the initiative will be managed under the National Bank’s investment corporation, aiming to strengthen oversight and risk management. Authorities say this step will accelerate the development of a national digital asset ecosystem while positioning Kazakhstan as a major crypto hub.

Officials highlighted the country’s strong regulatory framework as a foundation for the bitcoin reserve, with support also coming from the financial sector and international crypto exchanges. At the same time, the government is expanding the use of its central bank digital currency (CBDC), the digital tenge, already in circulation and tested across multiple sectors.

Beyond finance, Tokayev outlined broader directives to foster innovation, including a $1 billion high-tech investment program and AI-focused education initiatives. By combining crypto adoption with digital reforms, Kazakhstan seeks to modernize its economy and attract global investors.