Kazakhstan’s central bank revealed plans to allocate up to $350 million of its gold and foreign exchange reserves to investments linked to cryptocurrencies and digital assets.
The bank’s governor, Timur Suleimanov, said the institution is developing a list of acceptable investments, which will extend beyond direct cryptocurrency holdings, according to a Reuters report on Friday.
The country became a bitcoin major. mining hub after China’s 2021 mining ban pushed operators abroad. In 2025, Astana-based Fonte Capital introduced Central Asia’s first spot bitcoin ETF (BETF), offering regulated and physically backed exposure to bitcoin.
The investment strategy is expected to include stocks of high-tech companies connected to digital assets, cryptocurrency infrastructure companies, and index funds whose performance tracks cryptocurrency markets.
Central bank Vice President Aliya Moldabekova said the investments would be made in April and May, emphasizing that authorities are taking a measured approach.
“We are not talking about any big investment in cryptocurrencies,” Moldabekova said, according to Reuters. “We are currently selecting companies that deal in digital assets, for example those involved in cryptocurrency infrastructure.”
The allocation represents only a small part of the country’s total reserves. As of February 1, the central bank had $69.4 billion in gold and foreign exchange reserves, while the country’s national fund, which accumulates oil revenue, had $65.23 billion in assets, according to central bank data.
