Crypto-First21
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Binance to Advise Pakistan on $2 Billion Asset Tokenization Ahead of Stablecoin Launch
Pakistan is accelerating its push into digital finance after the Finance Ministry signed a non-binding memorandum of understanding with Binance to explore the tokenization of sovereign assets worth up to $2 billion. The proposed initiative would cover sovereign bonds, treasury bills, and selected commodity reserves, marking one of the countryās most ambitious experiments with blockchain-based finance to date.
Alongside the MoU, Pakistanās Virtual Assets Regulatory Authority has granted preliminary clearances to Binance and HTX, allowing both exchanges to begin the local licensing process. This signals a more structured and regulated approach toward integrating global crypto firms into Pakistanās financial ecosystem.
These developments come shortly after Pakistan announced plans to launch a national stablecoin, a move aimed at modernizing payments, improving financial inclusion, and enhancing transparency in public finance. Asset tokenization could complement the stablecoin by enabling faster settlement, broader investor access, and more efficient management of government-backed instruments.
While the agreement with Binance is non-binding and exploratory, it reflects growing confidence among policymakers that blockchain technology can play a meaningful role in debt markets, commodity financing, and digital public infrastructure. If implemented, the initiative could position Pakistan as a regional leader in regulated digital asset adoption.
#Pakistan #Binance #crypto #cryptofirst21 #BinanceAlphaAlert
Pakistan is accelerating its push into digital finance after the Finance Ministry signed a non-binding memorandum of understanding with Binance to explore the tokenization of sovereign assets worth up to $2 billion. The proposed initiative would cover sovereign bonds, treasury bills, and selected commodity reserves, marking one of the countryās most ambitious experiments with blockchain-based finance to date.
Alongside the MoU, Pakistanās Virtual Assets Regulatory Authority has granted preliminary clearances to Binance and HTX, allowing both exchanges to begin the local licensing process. This signals a more structured and regulated approach toward integrating global crypto firms into Pakistanās financial ecosystem.
These developments come shortly after Pakistan announced plans to launch a national stablecoin, a move aimed at modernizing payments, improving financial inclusion, and enhancing transparency in public finance. Asset tokenization could complement the stablecoin by enabling faster settlement, broader investor access, and more efficient management of government-backed instruments.
While the agreement with Binance is non-binding and exploratory, it reflects growing confidence among policymakers that blockchain technology can play a meaningful role in debt markets, commodity financing, and digital public infrastructure. If implemented, the initiative could position Pakistan as a regional leader in regulated digital asset adoption.
#Pakistan #Binance #crypto #cryptofirst21 #BinanceAlphaAlert
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