Pakistan has signed a memorandum of understanding with Binance to explore the tokenization of up to $2 billion in state-owned assets, including sovereign bonds, treasury bills, and commodity reserves. The agreement also includes advisory support for developing a potential national stablecoin, according to statements from both parties.
The MoU is non-binding and subject to regulatory approvals, with formal contracts expected within six months. Pakistani authorities said the initiative fits within a broader digital asset strategy aimed at modernizing capital markets and improving access to on-chain financial infrastructure. Finance Minister Muhammad Aurangzeb described the partnership as part of a longer-term effort to align technology with public finance goals.
Separately, Pakistan’s regulator granted Binance and HTX preliminary clearances under the country’s new virtual asset framework, allowing both firms to pursue full exchange licenses. The move reflects Pakistan’s attempt to balance rapid crypto adoption with tighter oversight through newly established regulatory bodies.
