Pakistan Ministry of Finance Signs MoU With Binance to Explore Tokenizing $2 Billion in Sovereign Assets

On December 14, Pakistan's Ministry of Finance signed a non-binding Memorandum of Understanding with Binance to assess tokenizing up to $2 billion in sovereign bonds, treasury bills and commodity reserves. The initiative, which follows initial approval from the Pakistan Virtual Asset Regulatory Authority, aims to study blockchain’s role in financial instruments and its potential impact on liquidity, investor access and the country's wider digital reform agenda.