Key Points
- Pakistan signs agreement with Binance to study tokenisation of sovereign and real-world assets
- Initiative may involve assets of up to USD 2 billion, subject to approvals
- Finance minister calls it a strong signal of reform focus and market modernisation
ISLAMABAD: Pakistan has signed a Memorandum of Understanding (MoU) with Binance Investments Company to examine blockchain-based platforms for government assets.
According to the Finance Ministry, the deal is aimed at modernising markets and expanding international investor access.
Officials said Finance Minister Senator Muhammad Aurangzeb and Binance Co.‑CEO Richard Teng signed the agreement in Islamabad. Binance founder Changpeng Zhao attended the ceremony. The document outlines cooperation on assessing tokenisation options for government bonds, treasury bills, commodity reserves, and other federal assets.
The exploratory arrangement may cover assets valued at up to USD 2 billion. Officials describe the effort as part of a broader strategy to improve liquidity, increase transparency, and build more accessible channels for global investors interested in Pakistan’s sovereign instruments.
Under the proposed structure, Binance and its affiliates may offer technical advice, capacity building, and training to help Pakistan evaluate compliant blockchain frameworks. Authorities stressed that any future system would remain under Pakistan’s regulatory control and would operate only within legal boundaries.
Senator Aurangzeb said the agreement sent a message about Pakistan’s reform trajectory and the government’s commitment to timely execution, crediting the country’s top leadership for guidance. Binance founder Zhao said the agreement represented a major development for Pakistan’s digital and economic future.
