Summary
- The Pakistani government and Binance said they have signed a memorandum of understanding to tokenize state-owned assets totaling $2 billion.
- The cooperation reportedly examines converting Pakistan's government bonds and commodity reserve assets into blockchain-based tokens.
- If tokenization is pursued, asset liquidity and market access would expand, and Binance would secure a large-scale real asset tokenization project.
According to Reuters on the 12th (local time), the Pakistani government and Binance have signed a memorandum of understanding (MOU) to tokenize state-owned assets totaling $2 billion.
The cooperation examines converting Pakistan's government bonds and commodity reserve assets into blockchain-based tokens.
If tokenization is fully pursued, Pakistan could expand asset liquidity and market access, while Binance would secure a large-scale real asset tokenization project.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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