Kazakhstan May Invest Gold Reserves in Crypto Sector

Kazakhstan is considering allocating a portion of its gold and foreign currency reserves, along with National Fund assets, into crypto-related investments.

According to the information this was announced by National Bank Chairman Timur Suleimenov during a press conference, highlighting a growing global shift toward digital asset exposure.

According to Suleimenov, the bank manages alternative portfolios for both its reserves and the National Fund, using aggressive strategies to boost returns. In reviewing models from countries like Norway, the U.S., and Gulf states, Kazakhstan noted that some sovereign funds already hold crypto assets, ETFs, or shares in crypto-focused companies—albeit in small amounts.

Crypto funds could join Kazakhstan’s investment mix

Suleimenov stressed that no decision has been finalized, but the central bank is open to channeling part of its alternative portfolio into crypto-linked funds. He acknowledged the potential for high returns, while also warning of the extreme volatility in this asset class. “This isn’t a simple issue. We can’t rush it,” he said.

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Kazakhstan plans national crypto reserve

Beyond investment, Kazakhstan is also planning to build a national crypto reserve. This state-managed storage will hold digital assets seized by law enforcement. To support this, new infrastructure will be developed.

Suleimenov added that if state-run enterprises engage in crypto mining, some of the mined assets could be funneled into the reserve as taxes or mandatory contributions. He noted that similar practices already exist in other countries, and Kazakhstan may follow suit.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.