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On September 8, according to Astana Times, Kazakhstan President Kassym-Jomart Tokayev emphasized the importance of attracting capital into high-tech sectors and instructed the government and the National Bank to formulate an investment plan worth up to $1 billion to promote technological development. In addition, he proposed the establishment of a National Digital Asset Fund under the National Bank's investment company. This fund will accumulate strategic cryptocurrency reserves and incorporate promising digital assets in the evolving financial landscape. He urged the development of new tools to inject bank liquidity into the economy and stressed the necessity of drafting a new banking law. The proposed legislation aims to enhance competition, attract new market participants, strengthen fintech development, and liberalize the circulation of digital assets. He emphasized the need to accelerate the construction of a comprehensive digital asset ecosystem in Kazakhstan. He also mentioned the launch of the digital tenge, a digital currency that has already been used by the National Fund for project financing.

According to ChainCatcher, citing GlobeNewswire, digital asset management firm CoinShares has announced plans to merge with Vine Hill Capital Investment Corp, a special purpose acquisition company listed on the Nasdaq Stock Market, and Jersey-based entity Odysseus Holdings Limited. The move aims to shift the listing venue of CoinShares' common shares from Nasdaq Stockholm Exchange to the US Nasdaq Stock Market. In addition, the company plans to privately issue 5,000,000 common shares to private investors at a price of $10.04 per share, raising approximately $50 million.