Binance to tokenize $2 billion in bonds and reserves in Pakistan

Binance plans to tokenize up to $2 billion in bonds, treasury bills, and commodity reserves in Pakistan, Reuters reported. The initiative is part of Pakistan’s effort to use blockchain technology to boost liquidity, attract foreign investment, and develop a formal crypto regulatory framework.

Pakistan’s Finance Ministry said the project could pave the way for tokenizing additional government-owned real-world assets on blockchain platforms. The announcement came a day after Bilal Bin Saqib, Chairman of Pakistan’s Virtual Assets Regulatory Authority (VARA), outlined plans to accelerate crypto adoption, leverage Bitcoin mining, and launch a national stablecoin.

Pakistan’s regulatory moves mirror global trends, with the UAE, Japan, and parts of the EU expanding formal licensing rules for crypto exchanges. Binance founder Changpeng Zhao called the agreement “a great signal for the global blockchain industry and for Pakistan,” marking the start of the tokenization initiative. VARA also issued early approvals to Binance and HTX, allowing them to register on the Anti-Money Laundering system, establish local units, and prepare full applications.