Kazakhstan launches its first crypto fund, Alem Crypto Fund, which has invested in BNB
On September 30th, according to foreign media reports, Kazakhstan launched its first crypto fund, Alem Crypto Fund. The fund was 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 Center (AIFC) ecosystem.
The main goal 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, expanding the country's capabilities in future financial management. The fund's strategic partner is Binance Kazakhstan - a company licensed locally and part of the global Binance ecosystem, a leader in the global digital asset industry.
Through the cooperation with Binance Kazakhstan, Alem Crypto Fund has completed its first investment by purchasing BNB - the native token of the BNB Chain. BNB can be used for processing transactions, paying fees, and participating in network governance.
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