Pakistan has taken a significant step toward integrating blockchain technology into its financial system. The Ministry of Finance signed a Memorandum of Understanding (MoU) with Binance, one of the world’s leading blockchain and digital asset firms.
The MoU was signed in Islamabad by Federal Minister for Finance and Revenue Muhammad Aurangzeb and Binance Co-CEO Richard Teng, in the presence of Binance CEO Changpeng Zhao (CZ). The agreement sets a framework to explore tokenisation and blockchain-based distribution of Pakistan’s sovereign and real-world assets.
Up to $2 Billion in Assets Considered
The initiative could cover assets worth up to $2 billion, including government bonds, treasury bills, commodity reserves, and other federally owned resources. The goal is to enhance transparency, liquidity, and access for international investors. Any future implementation will remain fully compliant with Pakistan’s laws and maintain sovereign control over assets.
Binance may provide technical expertise, advisory support, and training to help Pakistan evaluate modern blockchain infrastructure. This collaboration aims to develop secure digital platforms and broaden investor participation in the country.
Signals of Reform and Innovation
Finance Minister Aurangzeb described the MoU as a strong signal of Pakistan’s reform momentum and long-term vision. He emphasized execution with speed and quality under high-level leadership. Binance CEO CZ called the agreement a landmark for Pakistan and highlighted its potential benefits for the country’s technology-driven youth.
Regulatory Steps for Crypto Platforms
Separately, Pakistan granted initial regulatory clearance to Binance and HTX to start the licensing process. The Pakistan Virtual Assets Regulatory Authority (PVARA) issued No Objection Certificates (NOCs), allowing these platforms to register with Pakistan’s anti-money-laundering system and prepare full exchange license applications once regulations are finalized. Only well-governed and compliant platforms will progress under a phased licensing framework aligned with global standards.
In other related news also read Binance Founder CZ Joins Pakistan Crypto Council as Strategic Advisor
Broader Digital Finance Plans
The initiative is part of Pakistan’s broader digital finance reforms, including plans for a central bank digital currency, the Virtual Assets Act in 2025, and discussions with global investors. Officials say these measures position Pakistan as a hub for responsible blockchain and digital finance innovation.
