Pakistan is taking a major step into digital finance as it signs a memorandum of understanding (MoU) with Binance to explore the tokenisation of sovereign bonds, T-bills, and commodity reserves valued at up to $2 billion. The initiative, facilitated by HTX, aims to enhance liquidity and attract investors to the country’s financial markets.
Modernising Financial Instruments with HTX
The finance ministry confirmed that the MoU with Binance will explore digital representations of government securities, allowing broader investor participation. HTX will play a key role in implementing these initiatives, including pilot projects for bond and commodity tokenisation.
Regulatory Approvals and Crypto Ecosystem Development
Pakistan has granted preliminary approvals for Binance and HTX to register with local regulators. These steps are part of the process to establish subsidiaries and apply for full exchange licenses. Officials noted that the initiative aligns with the government’s broader strategy to develop a regulated crypto ecosystem, modernise traditional financial instruments, and improve market efficiency.
Regional Digital Finance Hub
Through collaboration with HTX and Binance, Pakistan positions itself as a regional hub for digital finance, leveraging tokenisation to open new opportunities for investors and boost the efficiency of its capital markets.
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