Pakistan inks Dec. 12 MOU with Binance to evaluate tokenization of state assets

On Dec. 12 in Islamabad, Pakistan's finance minister Muhammad Aurangzeb and Binance CEO Richard Teng signed an MOU to study tokenizing state-owned assets, including sovereign bonds, bills, and resource reserves. The multi-billion-dollar evaluation targets fractionalized, tradable instruments to widen investor access. Changpeng Zhao attended, as Pakistan develops a virtual assets authority with preliminary approvals for Binance and HTX.