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Kazakhstan launched the Germ Crypto Fund with first investment in BNB


Kazakhstan has established a State-supported crypto reserves in collaboration with Binance, which has marked the country’s latest transfer to digital properties.

The initial digital asset to the fund portfolio is BNB (Bnb), the utility token that drives the Website.

The announcement did not specify how much the BNB had purchased to seed the fund, nor did it provide any details about what other crypto investments could follow.

The Fund, called the Germ Crypto Fund, was created by the Ministry of Artificial Intelligence and Digital Development and managed by the Qazazaqstan Venture Group under the Astana International Financial Center (AIFC).

“The main purpose of the fund is to make long -term investment in digital assets and to produce strategic reserves,” the announcement reads.

Source: Lily Liu

Binance has been a close partner of the Kazakhstan government since 2022, when the CEO, Changpeng “CZ” Zhao, Signed a Memorandum of Understanding In the Kazakhstan Ministry of Digital Development to help develop the country’s regulation framework.

The news was announced less than a week after Kazakhstan released its own The supable supported by TengeKZTE, on Solana Network through a partnership with MasterCard, Intebix, and Eurasian Bank.

Related: Explained by the suggested US Bitcoin Strategic Reserve

Kazakhstan continues to change in crypto policies

Kazakhstan, a central Asian country of nearly 20 million people, has long been a significant hub for crypto mining. In 2021, second was its rank All over the world by the hashrate of Bitcoin – The total computing power that miners use to secure network and process transactions.

In 2024, President Kassym-Jomart Tokayev called for regulators to adopt a clearer legal framework around digital properties after 36 Not License Replace In the country.

In May 2025, the country Unveiled plans for “cryptocity,” A pilot zone that allows crypto payments. Earlier this month, Tokayev called for a Strategic Crypto Reserve and a “whole ecosystem of digital assets,” with a law to be drafted before 2026.

The announcement came a few months after a June report from Cointelegraph that the National Bank of Kazakhstan is considered -As plans for A Reserve of State-Run Crypto to be funded by the seized property and state mining revenue.