.png){kind=logo}
Pakistan has signed a nonbinding memorandum with Binance to explore tokenizing up to $2 billion in government-owned assets, including bonds, bills, and commodity reserves. Reuters reported the agreement signals Pakistan’s plan to use blockchain systems to unlock liquidity and attract foreign capital as it develops a formal crypto framework.
The memorandum allows both sides to assess blockchain-based distribution of sovereign assets while regulators finalize oversight rules for digital finance activities. The development followed the issuance of regulatory clearances to Binance and HTX by the Pakistan Virtual Assets Regulatory Authority earlier on Friday.
According to Reuters, the agreement focuses on tokenizing real-world assets held by the Pakistani government. These include sovereign bonds, treasury bills, and federally owned commodity reserves.
The commodities under review include oil, gas, metals, and other raw materials managed by the state. Distribution would rely on blockchain systems if approvals proceed. Pakistan’s finance ministry said the initiative could involve assets worth up to $2 billion, subject to laws, policies, and regulatory approvals.
The ministry added that the goal centers on improving liquidity transparency and access to international markets through digital asset infrastructure. What could tokenization of sovereign assets mean for Pakistan’s access to global capital?
Under the MoU, Binance and its affiliates may provide technical expertise, advisory support, and training for blockchain infrastructure assessments. The ministry said capacity building is a key part of the agreement as Pakistan evaluates compliant, modern systems.
Changpeng Zhao described the agreement as a major signal for Pakistan and the global blockchain sector, according to statements cited by Reuters. Zhao said the collaboration marks the start of a broader execution phase aimed at economic and technology-driven outcomes.
Alongside the MoU, Pakistan granted initial clearances to Binance and HTX to register with local regulators. These approvals allow preparation for full exchange licenses. PVARA issued no-objection certificates after reviewing the governance and compliance frameworks for both platforms.
Chairman Bilal bin Saqib said the clearances would launch a phased licensing process, with compliance strength guiding final approvals.
Reuters reported that VARA also allowed both exchanges to register on the anti-money laundering system, set up local units, and prepare full applications. The MoU remains non-binding and reflects intent only. Any final agreement will require negotiations within six months and must comply with Pakistani law.
Also Read: Pakistan Hackers Target India, Exploiting Border Tensions for Cyber Attacks
Pakistan has entered a nonbinding agreement with Binance to explore asset tokenization worth up to $2 billion. The plan covers sovereign bonds, treasury bills, and commodity reserves. Regulators have granted early approvals to Binance and HTX. The next phase depends on the results of compliance reviews and regulatory clearance.
