Pakistan, May 19 -- Pakistan is exploring the tokenization of sovereign bonds and Naya Pakistan Certificates (NPCs) to modernize capital markets through blockchain-based financial infrastructure, the Pakistani finance ministry said on Monday, in one of the first high-level government discussions in this regard.

The statement came after Finance Minister Muhammad Aurangzeb and Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib held talks on potential structures, implementation pathways, regulatory considerations, and next steps for introducing tokenized sovereign instruments into Pakistan's financial system. A key motivation behind the initiative is to expand investor participation, improve accessibility for over...