Pakistan Signs $2 Billion Tokenization Deal With Binance

Pakistan has signed a groundbreaking $2 billion tokenization deal with cryptocurrency exchange Binance, signaling the country's growing ambitions in the digital asset space. The memorandum of understanding (MoU), announced on December 15, 2025, by Pakistan's Ministry of Finance, aims to explore the tokenization of state-owned assets, including sovereign bonds, treasury bills, and commodity reserves such as oil, gas, and metals.

This agreement positions Binance as a strategic advisor on the blockchain-based distribution of these assets, while also advancing Pakistan's plans for launching a national stablecoin. Pakistani Finance Minister Muhammad Aurangzeb emphasized the significance of the deal, describing it as part of Pakistan’s reform trajectory and a step toward a long-term partnership with Binance. He highlighted that the next phase is execution, with a focus on speed and quality.

Changpeng Zhao, founder of Binance, who serves as a strategic advisor to the Pakistan Crypto Council, hailed the deal as a positive signal for both the global blockchain industry and Pakistan. While the MoU is non-binding, it sets a timeline for final agreements within six months, pending regulatory approvals.

The country’s Virtual Assets Regulatory Authority (VARA) has also granted preliminary clearances to Binance and HTX to begin local licensing processes, though full operations are still pending. This move positions Pakistan as the third-largest crypto market globally, with over 40 million users and annual trading volumes surpassing $300 billion.