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- Pakistan agreed to tokenize up to $2 billion in state-owned bonds, bills, and commodity reserves with Binance advisory support.
- Pakistan is now rank as third in global crypto adoption, with an estimated 30–40 million of users.
By signing a memorandum of understanding (MoU) with Binance, Pakistan aims to explore the tokenization of up to $2 billion in government-owned financial instruments and reserves. With the non-binding agreement enables Binance to advise the government on blockchain-based methods for issuing digital versions of sovereign bonds, treasury bills, as well as state-held commodities, including oil, gas, and metals.
After Changpeng Zhao took on an advisory role, we highlighted that such move signaled Pakistan’s serious intent to position itself as a regional hub for crypto and blockchain innovation. Finance Minister Muhammad Aurangzeb later reinforced this view, describing the MoU as part of a renewed economic reform drive and stressing the government’s focus on execution with “speed and quality.”He stated:
What we have signed today reflects a long-term partnership. From where we started to moving towards operationalisation, this progress could not have happened without active guidance and leadership.
Progress of Regulation on Licensing for Binance
According to Reuters, Pakistan has also issued initial regulatory clearances to Binance and HTX, allowing both exchanges to register with regulators, establish local subsidiaries, and begin preparing applications for full exchange licences. The step forms part of the country’s broader effort to bring digital-asset activity under a formal regulatory framework.
Pakistan’s Virtual Assets Regulatory Authority (PVARA) Chair Bilal bin Saqib further clarified that the No Objection Certificates (NOCs) granted to Binance and HTX do not amount to full operating licences. But, they represent the first phase of a risk-mitigated, supervised market-entry process.
Stablecoin Vision of Pakistan and Broader Digital Asset Agenda
Besides the Binance news, Pakistan is also moving ahead with plans for a national stablecoin backed by government debt, alongside early discussions around a central bank digital currency (CBDC). As we reported, the officials have reiterated at international finance forums that both initiatives are intended to support wider digital finance reforms and strengthen state-backed digital infrastructure.
As reported by Asia One News, these plans reflect the scale of crypto adoption already underway in the country. Pakistan ranks third globally in the 2025 Chainalysis Crypto Adoption Index, with some estimates pointing to 30–40 million users and annual trading volumes that can exceed $300 billion, this numbers have added urgency to efforts to formalize regulation.
As of now, Binance Coin (BNB) is trading at approximately $881.59, with a decrease of 1.84% over the past 24 hours and 1.91% over the past week. See BNB price chart below.
