The Ministry of Finance has signed a Memorandum of Understanding with Binance Investments Co., Ltd. at the Finance Division in Islamabad to explore asset tokenisation and the blockchain-based distribution of Pakistan’s real-world and sovereign assets.
The MoU was formally signed by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and Mr. Richard Teng, CEO of Binance, in the presence of Mr. Changpeng Zhao, Adviser to the Pakistan Crypto Council.
Under the framework, the parties will examine the potential tokenisation of government bonds, treasury bills, commodity reserves and other federally owned assets. Subject to applicable laws, policies and regulatory approvals, the initiative could involve assets of up to USD 2 billion with the aim of enhancing liquidity, transparency and international market accessibility.
Binance and its affiliates may provide technical expertise, advisory support, training and capacity building to help Pakistan assess compliant blockchain infrastructure. The collaboration seeks secure and transparent digital platforms that could facilitate broader participation by international investors while fully respecting Pakistan’s regulatory framework and sovereign control.
Senator Muhammad Aurangzeb described the MoU as a strong signal of Pakistan’s reform trajectory and a long-term partnership focused on execution. He stressed the commitment to deliver results with speed and quality as the initiative moves from planning towards implementation.
Mr. Changpeng Zhao called the agreement a landmark development with significant implications for Pakistan’s technology-driven generation and said the parties can now move towards full deployment and execution of agreed plans.
The MoU is non-binding and reflects an expression of intent to explore feasibility. Any definitive agreements will be negotiated within six months and remain subject to all legal, regulatory and policy approvals. Future arrangements will be governed by the laws of Pakistan and will not create exclusivity or procurement obligations.
This collaboration underscores Pakistan’s pursuit of responsible financial innovation, strong governance and compliance, and represents an important step towards aligning the country’s financial ecosystem with evolving global best practices in asset tokenisation.
