The National Bank of Kazakhstan is considering investing up to $300 million in encryption assets.

According to Techub News, reported by RBC, the National Bank of Kazakhstan (NBK) is studying the use of Central Bank forex and gold reserves to invest up to $300 million in encryption assets. NBK Chairman Timur Suleimenov stated that the final investment scale has not yet been determined, and the actual input may only be in the range of $50 million to $250 million. He emphasized that after the recent significant fall in the crypto market, it is necessary to “let the dust settle” before cautiously getting on board, and the related funds will not use national fund assets.

Previously, Kazakhstan established a national-level encryption fund, Alem Crypto Fund, managed by government departments and Qazaqstan Venture Group. With the assistance of Binance Kazakhstan, the first BNB investment was completed to build a national strategic reserve aimed at long-term digital assets. The NBK stated that it will promote the allocation of crypto assets under the existing legal and infrastructure framework, with specific investment rhythm and asset categories to be confirmed by subsequent official disclosures.