Pakistan Considers Tokenising Its Eurobonds
Published
Federal Finance Minister Muhammad Aurangzeb said on Monday that the government is considering the possibility of tokenising Pakistan's existing Eurobond debt. This decision was initiated after cabinet approval.
Tokenisation means converting a financial asset into a digital token. These tokens are typically recorded through digital technology such as blockchain. The idea put forward is that this method could make financial transactions faster and more transparent.
Eurobonds are loans that a country issues in the international market in foreign currency. Pakistan has also raised funds from international investors through this method in the past. Now the government is examining whether these existing loans can be tokenised.
The government has not yet released further details of the project, including the timeline and procedure for its implementation. More information from the government is expected in the future.
Sources: The Express Tribune
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