The Pakistan government has accelerated its web3 adoption through a strategic collaboration with Binance. The country is keen to access global liquidity through the web industry to revitalize its local economy.
On December 12, 2025, Finance Minister Muhammad Aurangzeb and Binance CEO Richard Teng, with Changpeng Zhao (CZ)present, signed a non-binding MoU to tokenize sovereign assets. According to the announcement, Binance will help Pakistan access global liquidity as it seeks to tokenize up to $2 billion in sovereign assets.
“This is a great signal for the global blockchain industry and for Pakistan. It has a very big impact on the country’s future and its technology-driven generation,” CZ noted.
According to Bilal Bin Saqib, Pakistan’s Minister of Blockchain and Crypto, the country is keen to legalize the web3 industry to revitalize the local economy. Furthermore, Saqib noted during the Bitcoin MENA Conference 2025 that 70% of 240 million people in Pakistan are aged 30 years and below.
With over 100 million Pakistani individuals still unbanked by the traditional system, Saqib stated that Bitcoin and crypto are a relief for the vast majority. As such, he reassured investors that regulatory clarity is a priority to ensure a seamless mainstream adoption of the web3 industry.
Moreover, Pakistan ranked 3rd after India and the United States in Chainalysis’ 2025 global adoption index. Additionally, the country has cheap and excess electricity of over 20GW, which can be harnessed to mine Bitcoin or train artificial intelligence models.
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