Islamabad: Pakistan is moving closer to regulated asset tokenisation as the Pakistan Virtual Assets Regulatory Authority (PVARA) engaged with UAE-based DAMAC Group to explore how real estate, public assets and future debt instruments could be brought onto regulated digital platforms.
During a meeting at the Prime Minister’s Office, Pakistani officials and representatives of DAMAC Group and its fintech arm PRYPCO discussed how tokenisation could unlock dormant assets, attract foreign capital and provide new, regulated investment avenues for overseas Pakistanis.
Tokenisation allows physical assets such as real estate or government-owned holdings to be represented digitally on secure ledgers, enabling fractional ownership and broader investor participation. Officials said Pakistan’s approach would prioritise regulation and governance rather than speculative activity.
PVARA Chairman Bilal Bin Saqib outlined Pakistan’s emerging virtual assets framework, emphasising that the objective is to balance innovation with investor protection and compliance with global regulatory norms. He said real estate is being considered as an entry point, with a longer-term plan to include public assets and debt instruments once regulatory confidence is established.
The UAE delegation was led by Amira Hussain Sajwani of DAMAC Group, whose fintech platform PRYPCO has already implemented tokenised real estate offerings in Dubai under regulatory oversight. According to the company, its first tokenised property was fully funded within 24 hours and drew investors from over 40 countries.
The presence of UAE Ambassador Salem Mohammad Alzaabi underscored the growing cooperation between Pakistan and the UAE in digital finance, regulated innovation and cross-border investment.
Analysts say Pakistan’s engagement with experienced international players reflects a cautious but strategic move toward adopting digital asset infrastructure, particularly as governments globally explore tokenisation as a means of improving liquidity, transparency and access to capital without increasing public debt.
