The government has signed a memorandum of understanding with crypto exchange Binance to explore the "tokenisation" of up to $2 billion in sovereign bonds, T-bills and commodity reserves to boost liquidity and attract investors, the finance ministry said on Friday.

Separately, the Ministry of Finance also gave initial clearance for Binance and HTX, a digital-asset platform, to register with regulators to set up local subsidiaries and begin preparations for full exchange licence applications, the virtual assets authority said.

The ministry said the agreement paved the way to explore a potential collaboration aimed at enabling the tokenisation and blockchain-based distribution of Pakistan's real-world assets.

These can include sovereign bonds, treasury bills, commodity reserves such as oil

See Full Page