Kazakhstan Central Bank to Launch $350M Crypto-Linked Portfolio
- Kazakhstan’s central bank plans to invest up to $350 million from its gold and foreign exchange reserves into a crypto-linked portfolio.
- The first investments are expected to begin in April or May, according to National Bank Governor Timur Suleimenov.
- The portfolio may include shares in companies related to digital asset infrastructure and exchange-traded funds (ETFs) tracking digital assets.
- An additional $350 million from the National Fund could be allocated for a separate sub-portfolio of similar assets.
- This initiative is part of Kazakhstan’s broader strategy to integrate digital assets into its financial ecosystem.
The establishment of this crypto-linked portfolio marks a significant step for Kazakhstan in gaining exposure to digital assets through reserve management. The move aligns with earlier discussions about creating a state crypto reserve of up to $1 billion.
Kazakhstan’s central bank is set to invest $350 million, with initial purchases expected by May, reflecting the country’s commitment to expanding its digital asset strategy. (Source)
