Pakistan Signs MoU With Binance to Tokenize $2B in State Assets

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In Brief

Pakistan partners with Binance to explore tokenizing $2B in bonds and reserves.
PVARA grants Binance and HTX early approval to register for full crypto licensing.
Tokenization aims to increase liquidity and modernize Pakistan’s financial system.

Pakistan has signed a memorandum of understanding (MoU) with Binance to explore the tokenization of up to $2 billion in state-owned assets.

The initiative covers sovereign bonds, treasury bills, and commodity reserves, including oil and metals. This move reflects Pakistan’s strategy to improve liquidity and broaden investor access using blockchain technology.

The partnership supports the government’s goal to digitize assets and create alternative fundraising tools during economic challenges.

In a significant step towards leveraging emerging financial technologies to strengthen Pakistan’s capital markets and enhance global investor access, the Ministry of Finance, Government of Pakistan, today signed a Memorandum of Understanding (MoU) with Binance Investments Co.,… pic.twitter.com/XXc0h8jJK1
— Ministry of Finance, Government of Pakistan (@Financegovpk) December 12, 2025

Tokenization will allow the government to distribute digital versions of real-world assets via blockchain networks. The Finance Ministry believes this approach can make Pakistan’s markets more transparent and globally accessible.

Binance will assist in building the required blockchain infrastructure and compliance systems alongside Pakistan’s Virtual Assets Regulatory Authority (PVARA).

In addition, PVARA has granted initial approvals to Binance and HTX to begin registering locally. These approvals mark the first step toward full licensing under Pakistan’s developing crypto regulations.

Pakistan advances digital asset framework with blockchain-focused reforms

The MoU comes as part of a wider digital finance overhaul taking place across Pakistan. Authorities are fast-tracking the rollout of a regulatory framework that includes crypto licensing, taxation, and the launch of a central bank digital currency. The government also plans to issue a national stablecoin in the near future.

Pakistan’s reforms aim to position the country as a leading crypto hub in the region. As one of the largest retail crypto markets globally, Pakistan seeks to attract long-term foreign investment through regulated digital asset offerings.

Global exchanges are increasingly viewing Pakistan as a key emerging market for blockchain growth.

The agreement with Binance reflects growing global interest in sovereign asset tokenization. Pakistan’s use of blockchain technology may provide a model for other developing economies. This marks a major step in linking traditional finance with the digital economy.

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