In a significant step towards leveraging emerging financial technologies to strengthen Pakistan’s capital markets and enhance global investor access, the Ministry of Finance on Friday signed a Memorandum of Understanding (MoU) with Binance Investments, one of the world’s leading blockchain and digital asset technology companies.
The development comes days after the Pakistani government signalled strong commitment to Digital Asset Regulation in a meeting held with a delegation of cryptocurrency exchange Binance during a meeting with senior leadership of Binance, including Global CEO Richard Teng, in Islamabad.
The meeting was attended by Prime Minister Shehbaz Sharif, Chief of Army Staff (COAS) and Chief of Defence Forces (CDF) Field Marshal Syed Asim Munir and Chairman Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal bin Saqib.
The MoU was signed at the Finance Division, Islamabad, by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and Co-CEO of Binance Richard Teng in the presence of CEO of Binance Changpeng Zhao (CZ), the Ministry of Finance said in a press release.
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The MoU establishes a framework for exploring potential collaboration on the tokenisation and blockchain-based distribution of Pakistan’s real-world and sovereign assets, including government bonds, treasury bills, commodity reserves and other federally owned assets. Subject to applicable laws, policies and regulatory approvals, the initiative may involve assets of up to $2 billion, with the objective of enhancing liquidity, transparency and international market accessibility.
Under the proposed arrangement, Binance and/or its affiliates may provide technical expertise, advisory support, training and capacity building to enable Pakistan to assess modern, compliant blockchain infrastructure. The collaboration aims to explore secure and transparent digital platforms that could facilitate broader participation by international investors, while fully respecting Pakistan’s regulatory framework and sovereign control.
Speaking on the occasion, Senator Aurangzeb described the MoU as a strong signal of Pakistan’s reform trajectory. “This is a very strong message — not only for Pakistan, but for the entire world. 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. The next step for us is execution, and we are fully committed to delivering results with speed and quality,” he said, while also acknowledging the vision and support of the country’s top leadership.
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Binance chief Zhao termed the MoU a landmark development for Pakistan’s future. “This is a great signal for the global blockchain industry and for Pakistan. It has a very big impact on the country’s future and its technology-driven generation. This is the beginning … now we can move towards full deployment and execution. We are honoured to work with Pakistan’s leadership and are confident this collaboration will deliver positive and lasting outcomes for the economy,” he remarked.
The MoU is non-binding and reflects an expression of intent by both parties to explore feasibility, the ministry said. Definitive agreements, if any, will be negotiated within six months, subject to all legal, regulatory and policy approvals. Any future arrangement will be governed by the laws of Pakistan and will not constitute exclusivity or a procurement commitment, it maintained.
“This collaboration underscores Pakistan’s commitment to responsible financial innovation, strong governance and compliance, and marks an important milestone in aligning the country’s financial ecosystem with evolving global best practices,” the ministry said.
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