The federal cabinet of Pakistan has taken a significant step toward digital financial innovation with the incorporation of a state-owned enterprise (SOE), the Strategic Digital Wallet Company, which will manage and safeguard government-owned virtual assets. Sources familiar with the matter confirmed to ProPakistani that this initiative is designed to establish secure infrastructure for public-sector digital assets under the new regulatory framework.
The creation of the Strategic Digital Wallet Company follows the promulgation of the Virtual Asset Ordinance, 2025, which provides a comprehensive legal framework for the regulation of virtual assets and Virtual Asset Service Providers (VASPs) in Pakistan. The ordinance represents a milestone in Pakistan’s adoption of blockchain-based financial technologies, ensuring transparency, compliance, and national security while supporting the growth of the digital economy.
The new company is being established as a non-profit entity under Section 42 of the Companies Act, 2017, and will be registered with the Securities and Exchange Commission of Pakistan (SECP). The Pakistan Crypto Council recommended the formation of a secure, government-operated cryptocurrency wallet to manage public-sector digital assets in accordance with the new regulatory regime. The federal cabinet has formally approved the establishment of the SOE, signaling the government’s commitment to structured and secure digital asset adoption.
To meet SECP incorporation requirements, which include appointing at least three initial directors/subscribers, the government has nominated Taimoor Hasan, Joint Secretary Finance Division; Humera Azam Khan, Joint Secretary Cabinet Division; and Amir Muhammad Khan Niazi, Joint Secretary Law and Justice Division, as founding members of the company’s Board of Directors. Ahmed Taimoor Hasan has been appointed as Chief Executive Officer (CEO) on an additional charge basis, pending the appointment of a regular CEO by the Board under the provisions of the State-Owned Enterprises (Governance and Operations) Act, 2023.
The Strategic Digital Wallet Company is expected to serve as foundational infrastructure for Pakistan’s digital financial ecosystem. Its scope includes the management of government-owned cryptocurrencies, enabling tokenized government bonds, sovereign digital currencies, and regulated cross-border blockchain transactions. These capabilities are anticipated to improve efficiency, transparency, and security in government financial operations while promoting innovation in the country’s digital economy.
Experts and industry observers have described the move as a progressive step, positioning Pakistan among forward-thinking nations that are adopting blockchain technologies in a controlled and regulated environment. By creating a government-operated wallet, Pakistan aims to mitigate risks associated with unregulated crypto activity while laying the groundwork for future public-sector applications of virtual assets.
The Strategic Digital Wallet Company is also expected to provide opportunities for technological development and private-sector collaboration in the fintech and blockchain sectors. By establishing a secure and regulated framework for managing digital assets, the initiative is likely to bolster investor confidence and encourage broader adoption of digital financial technologies within the country.
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