Pakistan Approves Binance to Explore Tokenisation of Up to $2 Billion in State Assets
Pakistan has taken a major step toward integrating blockchain technology into its financial system, signing an MoU with leading global crypto exchange Binance to explore the tokenisation of up to $2 billion worth of sovereign bonds, treasury bills, and commodity reserves.
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| Pakistan Approves Binance to Explore Tokenisation of Up to $2 Billion in State Assets |
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| Pakistan Approves Binance to Explore Tokenisation of Up to $2 Billion in State Assets |
The announcement, made by the Ministry of Finance, marks one of the country’s most ambitious digital-finance initiatives to date. Tokenisation — the process of converting real-world assets into digital tokens — is expected to improve liquidity, transparency, and global market access for Pakistan’s financial instruments.
🇵🇰 MoU Between Pakistan and Binance
According to the finance ministry, the agreement sets the stage for blockchain-based distribution of:
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Sovereign bonds
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Treasury bills
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Commodity reserves such as oil, gas, metals, and raw materials
Finance Minister Muhammad Aurangzeb called the MoU a signal of Pakistan’s reform trajectory and a major step toward long-term digital transformation.
Binance founder Changpeng Zhao (CZ) welcomed the move, describing it as “a great signal for the global blockchain industry and for Pakistan.”
🏦 Initial Clearances for Binance and HTX
In a parallel development, the Pakistan Virtual Assets Regulatory Authority (PVARA) granted initial clearance to both Binance and HTX to begin the process of registering local subsidiaries.
The approvals allow the exchanges to:
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Register under Pakistan’s Anti-Money Laundering (AML) regime
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Set up local operational units
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Begin preparations for full exchange licence applications
PVARA Chair Bilal bin Saqib emphasized that only platforms with strong governance and compliance will advance through Pakistan’s new phased licensing system.
🚀 Part of Pakistan’s Rapid Digital-Finance Overhaul
The tokenisation initiative is part of a broader push that includes:
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Establishing the Pakistan Crypto Council
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Launching the Virtual Assets Regulatory Authority
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Drafting a nationwide crypto licensing framework
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Accelerating digital-finance policy reforms
Pakistan is moving quickly to align with global trends, following countries such as the UAE, Japan, and several EU states in adopting regulated blockchain frameworks.
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