Pakistan has signed a memorandum of understanding with Binance to explore tokenising up to $2 billion in state-owned assets and to advance plans for a national Pakistan has signed a memorandum of understanding with Binance to explore tokenising up to $2 billion in state-owned assets and to advance plans for a national

Pakistan Courts Binance to Tokenise $2B in State Assets and Launch Stablecoin

2025/12/15 12:34
  • Pakistan signed a Memorandum of Understanding (MOU) with Binance to explore the tokenisation of up to $2 billion of government assets, including sovereign bonds, treasury bills, and commodity reserves.
  • The finance ministry intends for the plan to test whether blockchain-based distribution of these real-world assets RWAs can boost liquidity, transparency, and access for international investors.
  • Pakistan’s regulator also granted initial clearances to Binance and HTX to begin registering and setting up local subsidiaries.

Pakistan has signed a memorandum of understanding (MOU) with crypto exchange Binance to explore tokenising up to US$2 billion (AU$3.06 billion) of government assets, including sovereign bonds, treasury bills and commodity reserves. 

According to Reuters, the Finance Minister, Muhammad Aurangzeb, said the plan would test whether blockchain-based distribution of real-world assets (RWAs) could improve liquidity, transparency and access to international investors. 

The commodities under consideration could include reserves such as oil, gas and metals owned by the government. The country’s Crypto Council is also looking into developing a national stablecoin.

Related: Trump Memecoin Gets a Makeover With ‘Billionaires Club’ Game

Pakistan and Binance Forging Long-Term Ties

Tokenisation refers to creating a digital version of an asset that can be tracked and transferred on a blockchain. It’s one of the fastest-growing sectors in the crypto industry.

Aurangzeb said the MoU (which is essentially a formal agreement) signalled Pakistan’s reform direction and described it as the start of a long-term partnership, while Binance’s founder Changpeng Zhao (CZ) called the agreement a positive signal for the blockchain industry and said it marked the beginning of a move toward full deployment of the tokenisation initiative.

Pakistan Virtual Assets Regulatory Authority also granted initial clearances for Binance and digital-asset platform HTX to register with regulators, set up local subsidiaries and begin preparations for full exchange licence applications.

Now the clearances allow the exchanges to register on Pakistan’s anti-money laundering (AML) system, set up local subsidiaries and prepare full applications for exchange licences. The regulator added that progress through the process will depend on compliance strength.

Read more: Do Kwon Sentenced to 15 Years Over Terraform Collapse

The post Pakistan Courts Binance to Tokenise $2B in State Assets and Launch Stablecoin appeared first on Crypto News Australia.

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Wormhole Jumps 11% on Revised Tokenomics and Reserve Initiative

Wormhole Jumps 11% on Revised Tokenomics and Reserve Initiative

The post Wormhole Jumps 11% on Revised Tokenomics and Reserve Initiative appeared on BitcoinEthereumNews.com. Cross-chain bridge Wormhole plans to launch a reserve funded by both on-chain and off-chain revenues. Wormhole, a cross-chain bridge connecting over 40 blockchain networks, unveiled a tokenomics overhaul on Wednesday, hinting at updated staking incentives, a strategic reserve for the W token, and a smoother unlock schedule. The price of W jumped 11% on the news to $0.096, though the token is still down 92% since its debut in April 2024. W Chart In a blog post, Wormhole said it’s planning to set up a “Wormhole Reserve” that will accumulate on-chain and off-chain revenues “to support the growth of the Wormhole ecosystem.” The protocol also said it plans to target a 4% base yield for governance stakers, replacing the current variable APY system, noting that “yield will come from a combination of the existing token supply and protocol revenues.” It’s unclear whether Wormhole will draw from the reserve to fund this target. Wormhole did not immediately respond to The Defiant’s request for comment. Wormhole emphasized that the maximum supply of 10 billion W tokens will remain the same, while large annual token unlocks will be replaced by a bi-weekly distribution beginning Oct. 3 to eliminate “moments of concentrated market pressure.” Data from CoinGecko shows there are over 4.7 billion W tokens in circulation, meaning that more than half the supply is yet to be unlocked, with portions of that supply to be released over the next 4.5 years. Source: https://thedefiant.io/news/defi/wormhole-jumps-11-on-revised-tokenomics-and-reserve-initiative
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