Pakistan’s Ministry of Finance signed a non-binding
Memorandum of Understanding (MoU) with Binance on December 12, 2025, to explore the tokenization of up to $2 billion in sovereign assets.
This includes government bonds, treasury bills (T-bills), and
commodity reserves such as oil, gas, metals, and other state-owned raw materials.
The goal is to use blockchain technology to digitize these assets, aiming to increase liquidity, enhance transparency, improve global market access, and attract international investors.
Pakistan’s Finance Minister Muhammad Aurangzeb and
Binance CEO Richard Teng, with Binance founder Changpeng “CZ” Zhao present.
The MoU is exploratory and non-binding. Any definitive agreements would need negotiation within six months, subject to
Pakistani laws and regulatory approvals.
This aligns with Pakistan’s push toward a formal crypto regulatory framework. Separately, the Pakistan Virtual Assets Regulatory Authority (PVARA) granted initial clearance for Binance and HTX to register local subsidiaries and prepare for full exchange licenses.
Pakistan is also planning a Virtual Assets Act in 2025 and ranks high in global retail crypto activity.
