"According to Pakistan's finance ministry, the MoU with Binance will allow the government to assess tokenising sovereign bonds, treasury bills, and commodity reserves - including oil, gas, and metals - as it seeks new tools to boost liquidity and expand market reach. Tokenization would create digital representations of real-world assets on blockchain networks, potentially widening investor access and supporting secondary-market efficiency."
"The tokenisation initiative comes in parallel with a regulatory milestone. Pakistan's newly formed Virtual Assets Regulatory Authority (PVARA) has issued No Objection Certificates (NOCs) to Binance and HTX after a multi-agency review of each exchange's governance, compliance, and risk-management systems. The NOCs allow both firms to register with the Financial Monitoring Unit's goAML platform, begin local incorporation, and prepare full license applications once the country finalizes its virtual-asset framework."
"Finance Minister Muhammad Aurangzeb described the agreement as a signal of Pakistan's reform trajectory and a step toward a "long-term partnership" aimed at drawing global participation into the country's debt and commodity markets, according to Reuters. Binance founder Changpeng "CZ" Zhao called the MoU an important marker for both Pakistan and the broader blockchain sector, suggesting it clears the way for deeper experimentation with digital asset rails at the sovereign level."
Pakistan signed a memorandum of understanding with Binance to explore tokenising up to $2 billion in state-owned assets, including sovereign bonds, treasury bills, and commodity reserves such as oil, gas, and metals. Tokenization would create digital representations of real-world assets on blockchain networks to widen investor access, boost liquidity, and support secondary-market efficiency. The Virtual Assets Regulatory Authority issued No Objection Certificates to Binance and HTX after multi-agency reviews, allowing registration with the Financial Monitoring Unit's goAML platform, local incorporation, and preparation of full license applications under a pending virtual-asset framework. Officials framed the moves as steps toward greater global participation and sovereign-level experimentation.
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