PVARA, UAE meeting: Asset tokenisation, regulated digital finance explored

ISLAMABAD: Pakistan took a significant step toward asset tokenisation and regulated digital finance as a high-level meeting at the Prime Minister’s Office explored the tokenisation of real estate, government assets, and debt instruments—positioning the initiative as a potential national economic catalyst.

READ MORE: ‘Tokenisation will be a game-changer for Pakistan’

The meeting was held between the Pakistan Virtual Assets Regulatory Authority (PVARA) and a United Arab Emirates delegation, and was chaired by PVARA Chairman Bilal bin Saqib. UAE Ambassador Salim Mohammed Al Zaabi attended as a special guest, alongside representatives of DAMAC Group and its regulated digital platform Prypco.

During the meeting, participants held detailed consultations on leveraging blockchain-based tokenisation to convert underutilised assets into investable instruments.

The discussions focused on enabling transparent, secure, and compliant international investment—particularly in real estate and public-sector assets—through regulated digital frameworks.

READ MORE: DAMAC Group to explore collaboration in many sectors

Bilal bin Saqib said Pakistan views tokenisation as a strategic economic enabler that can unlock dormant value, broaden investor participation through fractional ownership, and improve liquidity while maintaining regulatory oversight.

He added that the initiative could significantly enhance Pakistan’s attractiveness to global capital by offering secure and transparent investment channels.

Officials noted that ongoing reforms and innovation in digital finance are already drawing interest from international institutions, with the UAE engagement reflecting growing confidence in Pakistan’s evolving regulatory environment for virtual assets.

Copyright Business Recorder, 2026