2 min read
Pakistan has taken a major step toward modernising its financial system as the Ministry of Finance signed a Memorandum of Understanding (MoU) with Binance Investments Co., Ltd. to explore blockchain based tokenisation of sovereign and real-world assets worth up to $2 billion, aimed at boosting liquidity and attracting global investors.
The initiative comes as Pakistan accelerates reforms to integrate digital finance and regulated virtual assets into its capital markets. Globally, asset tokenisation is increasingly used by governments to improve transparency, efficiency, and access to international capital under secure regulatory frameworks.
The MoU was signed in Islamabad by Finance Minister Senator Muhammad Aurangzeb and Binance Co-CEO Richard Teng, in the presence of Binance CEO Changpeng Zhao. The proposed collaboration will assess the tokenisation and blockchain-based distribution of government bonds, treasury bills, commodity reserves, and other federally owned assets.
Subject to regulatory approvals, the initiative could cover assets valued at up to $2 billion. Binance is expected to provide technical expertise, advisory support, and training to help Pakistan evaluate compliant blockchain infrastructure while maintaining sovereign oversight.
“This is a very strong message for the world and reflects a long-term partnership,” Senator Aurangzeb said, adding that the move aligns with Pakistan’s reform momentum and commitment to high-quality execution.
Binance CEO Changpeng Zhao called the agreement a landmark, stating,
“It sends a powerful signal for the global blockchain industry and Pakistan’s technology-driven future.”
The MoU is non-binding and allows both sides to explore feasibility over the next six months. Any final agreements will require full legal and regulatory approvals and will be governed by Pakistani law, with no exclusivity or procurement commitment involved.
Officials say the partnership underlines Pakistan’s intent to pursue responsible financial innovation while aligning its financial ecosystem with global best practices.
