Pakistan Signs MoU with Binance to Explore Blockchain Tokenization of Sovereign Assets
Islamabad: Pakistan has taken a major step toward financial innovation by partnering with global blockchain leader Binance to explore the tokenization of sovereign and real-world assets, aiming to modernize its capital markets and attract international investors.
The Ministry of Finance, Government of Pakistan, on Tuesday signed a Memorandum of Understanding (MoU) with Binance Investments Co., Ltd., marking a significant move toward adopting blockchain-based financial infrastructure.
The MoU was signed at the Finance Division in Islamabad by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and Richard Teng, CEO of Binance, in the presence of Changpeng Zhao (CZ), Adviser to the Pakistan Crypto Council.
Exploring Blockchain for Government Assets
Under the agreement, both parties will explore the tokenization and blockchain-based distribution of Pakistan’s sovereign and real-world assets. These may include government bonds, treasury bills, commodity reserves, and other federally owned assets, subject to regulatory approvals and existing laws.
The initiative could potentially involve assets worth up to USD 2 billion, with the objective of improving liquidity, transparency, and global market access for Pakistan’s financial instruments.
Binance to Provide Technical and Advisory Support
As part of the proposed collaboration, Binance and its affiliates may offer technical expertise, advisory services, training, and capacity building to help Pakistan evaluate secure and compliant blockchain solutions.
The partnership aims to assess modern digital platforms that enable broader participation from international investors, while ensuring full regulatory compliance and sovereign control under Pakistan’s legal framework.
Leadership Remarks Highlight Reform Momentum
Speaking at the signing ceremony, Senator Muhammad Aurangzeb described the MoU as a strong signal of Pakistan’s commitment to financial reforms and innovation.
Meanwhile, Changpeng Zhao (CZ) called the agreement a landmark development, emphasizing its potential to position Pakistan as a forward-looking participant in the global digital finance ecosystem.
Non-Binding Agreement with Regulatory Oversight
The MoU is non-binding and represents an expression of intent to assess feasibility. Any definitive agreements will be negotiated within six months, subject to all legal, regulatory, and policy approvals.
Officials clarified that the agreement does not create exclusivity or a procurement obligation and will be governed entirely by the laws of Pakistan.
Strengthening Pakistan’s Digital Financial Future
This collaboration reflects Pakistan’s growing focus on responsible financial innovation, governance, and compliance, aligning its financial ecosystem with global best practices in blockchain and digital assets.
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