According to Reuters, Pakistan and Binance have signed a Memorandum of Understanding (MOU) to explore the tokenization of up to $2 billion in treasury securities and commodity reserves.
The Ministry of Finance of Pakistan said that this cooperation is an important step for the country to introduce blockchain technology, enhance asset liquidity, and attract foreign investment, and may also pave the way for more state-owned physical assets to go online.
The move comes as Pakistan accelerates the rollout of a formal crypto regulatory framework while studying how to distribute government assets on the chain. Just the day before, Bilal Bin Saqib, chairperson of the Virtual Asset Regulatory Authority of Pakistan (VARA), revealed in an interview that the country will promote the accelerated adoption of cryptocurrencies, the development of bitcoin mining, and plans to issue a national stablecoin.
Pakistan Signs Memorandum of Understanding with Binance to Tokenize $2 billion in State Assets
2025-12-12 22:33:24
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