The central bank of Kazakhstan announced details for its planned $350 million cryptocurrency investment portfolio, which will include shares of high-tech firms and index funds alongside crypto assets. Deputy Chair Aliya Moldabekova stated investments would begin in April-May, sourced from existing gold and foreign exchange reserves. The bank’s holdings include over $69 billion in gold and forex reserves and approximately $65 billion in its national fund.
Kazakhstan’s central bank is developing a portfolio to invest up to $350 million in cryptocurrency-related assets. Governor Timur Suleimanov explained the investments will include not only cryptocurrency itself but also shares of high-tech companies, index funds, and other instruments exhibiting similar dynamics to crypto assets. The funds will be allocated from existing gold and foreign exchange reserves, as stated in a recent briefing.
Deputy Chair Aliya Moldabekova confirmed that the investment process will commence in April-May. She clarified that the bank does not plan any large direct investment in cryptocurrencies, focusing instead on companies involved in their infrastructure. “We are currently selecting companies that deal with digital assets.” she said, outlining the ongoing selection process.
The central bank’s reserves, reported to be over $69 billion as of February 1, provide the source for this new portfolio. Its national fund also holds around $65 billion in assets. This plan differs from earlier proposals that included forming a fund from crypto seizures by law enforcement agencies, as previously reported.
