Pakistan is Creating a Govt-Owned Strategic Digital Wallet Company. Pakistan is taking a major step toward embracing the digital economy by establishing a government-owned Strategic Digital Wallet Company. This initiative aims to manage and safeguard government-owned virtual assets while ensuring compliance, transparency, and security.
The announcement follows the recent Virtual Asset Ordinance, 2025, which provides a clear legal framework for regulating virtual assets and Virtual Asset Service Providers (VASPs) in Pakistan.
What is the Strategic Digital Wallet Company?
The Strategic Digital Wallet Company is a non-profit entity being created under Section 42 of the Companies Act, 2017. It will be officially registered with the Securities and Exchange Commission of Pakistan (SECP).
The main objectives of the company include:
- Managing public-sector digital assets securely.
- Providing a government-operated cryptocurrency wallet for official use.
- Ensuring compliance with Pakistan’s Virtual Asset regulations.
- Supporting future digital initiatives, including tokenized government bonds and sovereign digital currencies.
The company is designed to serve as a foundation for Pakistan’s digital finance infrastructure, helping the country adopt blockchain technology in a secure and regulated way.
Legal Framework: Virtual Asset Ordinance, 2025
The creation of the Strategic Digital Wallet Company follows the Virtual Asset Ordinance, 2025, which establishes:
- Rules for regulating virtual assets.
- Guidelines for Virtual Asset Service Providers (VASPs).
- Mechanisms to protect national security and public interest in digital financial transactions.
This ordinance is a major milestone, signaling Pakistan’s commitment to embracing blockchain-based financial technologies while ensuring the government can control and regulate virtual assets effectively.
Key Appointments and Governance
To comply with SECP requirements, the government has appointed three initial directors for the company:
- Taimoor Hasan – Joint Secretary, Finance Division
- Humera Azam Khan – Joint Secretary, Cabinet Division
- Amir Muhammad Khan Niazi – Joint Secretary, Law and Justice Division
In addition, Ahmed Taimoor Hasan has been appointed as CEO on an additional charge basis, until the Board appoints a regular CEO under the State-Owned Enterprises (Governance and Operations) Act, 2023.
These appointments ensure strong governance and accountability, which are crucial for handling government digital assets.
Purpose and Future Applications
The Strategic Digital Wallet will serve as a secure platform for managing Pakistan’s digital assets. Its expected applications include:
- Tokenized government bonds for easier and transparent investment.
- Sovereign digital currencies, enabling regulated digital payments.
- Cross-border blockchain transactions, helping Pakistan integrate into the global digital economy.
- Secure management of government crypto assets, reducing risks from unregulated activities.
This move positions Pakistan among the forward-thinking countries embracing digital financial technologies while mitigating risks associated with unregulated cryptocurrencies.
Government Support and Approval
The federal cabinet has formally approved the establishment of the Strategic Digital Wallet Company. This demonstrates the government’s commitment to structured and secure adoption of virtual assets.
The Pakistan Crypto Council played a key role in recommending the creation of this state-operated digital wallet, emphasizing the importance of security and regulatory compliance in public-sector digital finance.
Significance of the Strategic Digital Wallet
The establishment of this company marks a progressive step for Pakistan’s digital economy. Key benefits include:
- Enhanced security for government-owned virtual assets.
- Regulated adoption of blockchain and crypto technologies.
- Foundation for future digital finance innovations in Pakistan.
- Improved transparency in public-sector digital asset management.
Experts view this initiative as a way for Pakistan to lead in the digital finance sector, setting standards for responsible use of cryptocurrencies and blockchain technology.
Conclusion
The creation of a government-owned Strategic Digital Wallet Company signals Pakistan’s determination to embrace digital finance in a safe and regulated environment.
By combining the Virtual Asset Ordinance, 2025 with a state-operated wallet, the government ensures that public-sector digital assets are secure, transparent, and future-ready.
This initiative not only protects Pakistan’s digital assets but also opens doors for tokenized bonds, digital currencies, and cross-border blockchain transactions, putting Pakistan on the path to becoming a forward-looking digital economy.
