2 min read
Pakistan has formally established the Strategic Digital Wallet Company (SDWC). A government-owned, non-profit entity that will oversee and secure state-owned virtual assets. The move comes under the recently enacted Virtual Asset Ordinance 2025. It provides a legal framework for virtual assets and service providers in the country.
New Step in Digital Finance
The Securities and Exchange Commission of Pakistan (SECP) has registered the SDWC under Section 42 of the Companies Act, 2017. Its creation provides Pakistan with an institutional foundation for managing digital assets, while also paving the way for future initiatives such as tokenized government bonds, sovereign digital currencies, and blockchain-powered cross-border transactions.
Similar initiatives have already gained traction globally, as countries explore ways to bring blockchain into their financial systems. Pakistan’s move is designed to ensure that it remains aligned with these emerging trends, rather than relying on private or foreign platforms to manage sensitive digital infrastructure. The development also builds on years of groundwork laid by the Pakistan Crypto Council (PCC), which has been actively advocating for a formalized digital asset ecosystem and engaging policymakers on blockchain adoption.
Leadership and Structure
The federal cabinet has appointed senior officials to lead the company’s early operations.
The founding members include the following names:
- Taimoor Hasan, Joint Secretary Finance Division.
- Humera Azam Khan, Joint Secretary Cabinet Division.
- Amir Muhammad Khan Niazi, Joint Secretary Law & Justice Division.
Ahmed Taimoor Hasan has been appointed as the interim Chief Executive Officer (CEO) until a permanent CEO is selected. This leadership structure places the company under direct oversight of key government divisions, signaling the importance attached to its role.
A Promising Future
Experts expect that the Strategic Digital Wallet Company will become a core pillar of Pakistan’s sovereign digital finance framework. By controlling its own wallet infrastructure, the government aims to strengthen transparency, security, and efficiency in virtual asset management.
For Pakistan, this development is more than just keeping pace with global fintech trends; it’s about laying a foundation for digital finance built on sovereign control and robust regulatory oversight. It is an effort that the PCC has long emphasized in its consultations and proposals.
