Kazakhstan’s President Kassym-Jomart Tokayev has proposed the creation of a state-backed crypto reserve fund aimed at building a full-fledged digital asset ecosystem. Announced in early September 2025, this fund will be managed by the National Bank’s Investment Corporation and accumulate promising digital assets to diversify national holdings and strengthen financial sovereignty. Alongside this, Tokayev unveiled plans for a $1 billion high-tech investment program to boost fintech and technological growth. The initiative also includes expanding the use of the digital tenge for public financing and launching a dedicated CryptoCity in Alatau, designed for digital payments and blockchain innovation. This move aligns with Kazakhstan’s broader strategy to attract foreign investment, regulate digital assets, and position itself as a regional leader in the emerging digital economy by 2026.