Binance plans to tokenize up to $2 billion worth of bonds, Treasury bills, and commodity reserves in Pakistan, according to Reuters. The initiative is part of Pakistan’s broader push to leverage blockchain technology to boost liquidity, attract foreign investment, and establish a regulatory framework for digital assets.

Pakistan’s Ministry of Finance said the project could pave the way for tokenizing additional state-owned real-world assets and distributing them on blockchain platforms. The announcement follows remarks from Pakistan Virtual Assets Regulatory Authority (VARA) chair Bilal Bin Saqib, who recently outlined plans to accelerate crypto adoption, support Bitcoin mining, and launch a national stablecoin.

The move reflects a global trend, as countries such as the UAE, Japan, and several EU members expand crypto licensing regimes. Binance CEO Changpeng Zhao called the deal a positive signal for both Pakistan and the global blockchain industry.