Pakistan accelerates digital finance reforms with blockchain-based sovereign assets and a national stablecoin roadmap
Pakistan is taking a major step toward modernizing its financial system by partnering with Binance to explore the tokenization of up to $2 billion in state-owned assets. The initiative is part of a broader push that also includes preparations for launching a national stablecoin, signaling the country’s growing commitment to digital finance infrastructure.
Under a non-binding memorandum of understanding, Binance will advise on using blockchain technology to distribute and manage sovereign bonds, treasury bills, and commodity reserves, including oil, gas, and metals. While the agreement does not yet authorize full implementation, it sets a framework for definitive contracts within six months, pending regulatory approval.
At the same time Pakistan’s Virtual Assets Regulatory Authority has issued preliminary clearances to Binance and another global exchange, allowing them to begin the local licensing process. These approvals enable registration within the country’s anti-money laundering framework though operational activity will require full authorization.
Officials have framed these developments as part of a long-term digital finance overhaul, aimed at improving transparency expanding access, and leveraging Pakistan’s large crypto user base. With tens of millions of users and substantial trading activity, authorities see blockchain adoption as a strategic opportunity rather than a risk.
The planned sovereign stablecoin is expected to play a role in collateralizing government debt and supporting digital payments, positioning Pakistan among emerging markets actively integrating blockchain into public finance.
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