Binance to advise Pakistan on

Binance To advise Pakistan on $2 Billion Asset Tokenization As Country Prepares Stablecoin Launch

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Pakistan’s Finance Ministry signed a non-binding MoU with Binance to explore the tokenization of sovereign bonds, treasury bills, and commodity reserves valued at up to $2 billion.

The country’s Virtual Assets Regulatory Authority also granted preliminary clearances to Binance and HTX to begin local licensing processes.

The moves follow Pakistan’s recent announcement that it plans to launch a national stablecoin as part of a broader digital finance overhaul.

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Pakistan is ramping up its digital asset ambitions, signing a memorandum of understanding (MoU) with crypto exchange Binance to explore tokenizing up to $2 billion in state-owned assets while also advancing plans for a national stablecoin.

The agreement, announced Friday by the country's finance ministry, sets the stage for Binance to advise on blockchain-based distribution of Pakistan's sovereign bonds, treasury bills, and commodity reserves including oil, gas, and metals, according to Reuters.

Pakistani Finance Minister Muhammad Aurangzeb characterized the MoU as a signal of Pakistan's reform trajectory and a step toward a "long-term partnership" with Binance. "The next step for us is execution, and we are fully committed to delivering results with speed and quality," Aurangzeb said.

Binance founder Changpeng "CZ" Zhao, who serves as a strategic advisor to the Pakistan Crypto Council, called the agreement "a great signal for the global blockchain industry and for Pakistan," adding that it marks the beginning of a move toward full deployment of the tokenization initiative. The Binance MoU is non-binding and requires definitive agreements within six months, subject to regulatory approvals.

Binance, HTX secure preliminary clearance

Alongside the Binance MoU, Pakistan's regulator granted preliminary clearances to both Binance and HTX to begin local licensing.