Pakistan, Binance sign MoU to explore tokenizing up to $2 billion in state assets: Reuters
Pakistan has signed a memorandum of understanding (MoU) with crypto exchange Binance to explore the tokenization of up to $2 billion in sovereign assets, according to Reuters.
The finance ministry said the initiative would examine bringing assets such as government bonds, treasury bills (T-bills), and state-owned commodity reserves onto blockchain-based rails, with the stated goals of boosting liquidity and attracting investors.
In a statement cited by Reuters, the ministry said the MoU sets a framework for potential collaboration on the tokenization and blockchain-based distribution of Pakistan’s real-world and sovereign assets. It added that any work would be subject to applicable laws, policies, and regulatory approvals.
The agreement is not a finalized deal to issue tokenized instruments. An MoU typically outlines intent and areas of cooperation while parties assess feasibility, legal requirements, and implementation details.
Beyond liquidity, the government said it is also looking to improve transparency and expand international market access for these assets through a tokenized format.
The move underscores Pakistan’s broader push to integrate blockchain into parts of its financial infrastructure, pairing sovereign finance experiments with engagement from major digital-asset platforms.