Catenaa, Friday, September 12, 2025- Kazakhstan President Kassym-Jomart Tokayev has proposed creating a state-backed crypto fund to establish a “full-fledged” national digital asset ecosystem.
The fund, structured through the National Bank’s Investment Corporation, will accumulate a strategic reserve of “promising assets,” prioritizing projects that boost the country’s economy.
Tokayev outlined plans for a $1 billion program supporting technological growth, particularly in fintech and high-tech sectors, with active participation from second-tier banks to channel funds into the real economy.
The initiative is designed to attract new market participants, promote financial technologies, and expand digital asset circulation under clear regulatory frameworks.
The president also emphasized broad adoption of the digital tenge for public financing, including state and local budgets and national holdings.
At the same time, he warned about cybersecurity threats, calling for the creation of an anti-fraud center to combat digital crimes and strengthen online financial safety.
The proposal reflects Kazakhstan’s push to become a leading crypto and digital finance hub in Central Asia, combining state-backed investment, regulatory oversight, and technological innovation to foster a robust crypto ecosystem.
Kazakhstan moves to create a $1B state-backed crypto fund, expand digital tenge usage, and bolster fintech innovation while addressing cybersecurity risks.
