In a significant step towards leveraging emerging financial technologies to strengthen Pakistan’s capital markets and enhance global investor access, the Ministry of Finance, Government of Pakistan, today signed a Memorandum of Understanding (MoU) with Binance Investments Co., Ltd., one of the world’s leading blockchain and digital asset technology companies.

The MoU was signed at the Finance Division, Islamabad, by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and Mr. Richard Teng, Co-CEO of Binance, in the presence of Mr. Changpeng Zhao (CZ), CEO of Binance.

The MoU sets the stage for potential collaboration on the tokenization and blockchain-based distribution of Pakistan’s sovereign and real-world assets, including government bonds, treasury bills, commodity reserves, and other federally owned assets. Subject to regulatory approvals, the initiative could involve assets valued at up to $2 billion, aiming to boost liquidity, transparency, and international market access.

Under the proposed partnership, Binance and its affiliates may provide technical expertise, advisory support, and training to help Pakistan assess and implement modern, compliant blockchain infrastructure. The collaboration is designed to facilitate secure and transparent digital platforms, enabling broader participation from international investors while ensuring adherence to Pakistan’s regulatory framework and sovereign oversight.

Senator Aurangzeb hailed the MoU as a milestone in Pakistan’s reform journey, emphasizing the government’s commitment to swift and high-quality execution. “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,” he said, crediting the country’s leadership for its vision and support.

Binance CEO Changpeng Zhao described the agreement as a landmark for both Pakistan and the global blockchain industry. “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,” he remarked, expressing confidence in the collaboration’s potential to deliver lasting economic benefits.

The MoU is non-binding and represents an intent to explore feasibility, with any definitive agreements to be negotiated within six months, pending all necessary legal and regulatory approvals. The arrangement does not constitute exclusivity or a procurement commitment and will be governed by Pakistani law.

This partnership highlights Pakistan’s commitment to responsible financial innovation and strong governance, marking a significant step toward aligning the country’s financial ecosystem with global best practices.