Pakistan to allow Binance to explore 'tokenisation' of up to $2 billion of assets.
Pakistan has signed a memorandum of understanding with global crypto exchange Binance to explore the tokenisation of up to $2 billion in government assets, including sovereign bonds, treasury bills, and commodity reserves. The move aims to improve liquidity, transparency, and attract international investors through blockchain-based systems. $BTC $BNB $ETH
At the same time, Pakistan has granted initial regulatory clearance to Binance and HTX, allowing them to set up local subsidiaries, register under anti-money laundering systems, and prepare applications for full exchange licences.
Officials say the initiative reflects Pakistan’s broader push toward financial reforms and digital modernisation. Finance Minister Muhammad Aurangzeb called it a sign of long-term partnership, while Binance founder Changpeng Zhao described it as a positive signal for the global blockchain industry.
The development is part of a wider digital-asset strategy, which includes the creation of the Pakistan Crypto Council, a new Virtual Assets Regulatory Authority, and plans for a central bank digital currency pilot and Virtual Assets Act in 2025.
