Pakistan Launches Government-Owned Strategic Digital Wallet Company – A Step Toward Digital Finance Future
Digital Wallet Company
The Government of Pakistan has taken a bold and historic step toward the digital future. The federal cabinet has officially approved the creation of a new state-owned company, called the Strategic Digital Wallet Company, which will manage and protect the government’s digital and virtual assets.
This major development marks a new era for Pakistan’s economy — one that embraces blockchain technology, transparency, and modern digital finance systems. With this initiative, Pakistan joins the list of forward-thinking countries that are integrating blockchain into public financial management.
The goal is to make sure that government-owned digital assets — such as tokenized bonds, sovereign digital currencies, and blockchain transactions — are managed securely and legally under Pakistan’s financial system.
Key Details
| Feature | Details |
| Company Name | Strategic Digital Wallet Company |
| Year of Establishment | 2025 |
| Legal Framework | Virtual Asset Ordinance 2025 |
| Regulatory Authority | SECP (Securities & Exchange Commission of Pakistan) |
| Nature | Non-profit, Government-Owned Organization |
What Is the Strategic Digital Wallet Company?
The Strategic Digital Wallet Company is a non-profit, state-owned enterprise (SOE) created to handle and secure Pakistan’s official digital assets.
It will serve as a central platform where all government-related virtual assets will be stored and managed through advanced blockchain systems.
The company is being registered under Section 42 of the Companies Act, 2017, and will operate under the supervision of the SECP. The idea was initially proposed by the Pakistan Crypto Council, which emphasized the need for a secure, government-controlled cryptocurrency wallet to ensure national financial security and compliance with new digital regulations.
What Is the Virtual Asset Ordinance 2025?
The Virtual Asset Ordinance 2025 provides a complete legal framework for the regulation of virtual assets and Virtual Asset Service Providers (VASPs) in Pakistan.
This law brings Pakistan in line with international standards for digital finance, blockchain regulation, and cryptocurrency compliance. It ensures that all digital asset activities are transparent, regulated, and aligned with national security interests.
Under this ordinance, only licensed and verified entities will be allowed to provide virtual asset services, helping prevent misuse, fraud, and illegal crypto trading.
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Why Did the Government Create the Strategic Digital Wallet Company?
The main reason behind this move is to bring security, structure, and transparency to the management of public-sector digital assets. Until now, Pakistan did not have a unified system to handle digital financial assets or blockchain-based government instruments. The new company will now fill that gap by creating a secure digital infrastructure.
Main Objectives:
- To store and manage government-owned digital assets securely
- To support blockchain-based financial systems
- To prepare for issuing tokenized government bonds and digital currencies
- To stop illegal or unregulated crypto activities
- To build public trust and attract international investments
Who Will Lead the Strategic Digital Wallet Company?
The federal cabinet has approved the initial board members and CEO for the company.
| Position | Name |
| Chief Executive Officer (CEO) | Ahmed Taimoor Hasan |
| Joint Secretary, Finance Division | Taimoor Hasan |
| Joint Secretary, Cabinet Division | Humera Azam Khan |
| Joint Secretary, Law & Justice Division | Amir Muhammad Khan Niazi |
The CEO has been appointed on an interim basis until the board hires a full-time chief executive under the State-Owned Enterprises (Governance and Operations) Act 2023.
Key Goals of the Strategic Digital Wallet Company
The company will serve as the core digital infrastructure for Pakistan’s upcoming blockchain-based financial systems. Some of its major goals include:
- Centralized Storage of Digital Assets:
A secure national database for all government-owned virtual assets. - Issuance of Tokenized Bonds & Digital Currency:
The company will help issue future government-backed digital bonds and possibly a sovereign digital currency. - Improved Financial Transparency:
Every transaction and record will be stored on blockchain for auditability and security. - Faster, Secure Cross-Border Payments:
Blockchain will enable smooth, low-cost, and transparent international transactions. - Regulated Financial Innovation:
Encouraging innovation while keeping every activity under legal supervision.
Monitoring & Regulation of Virtual Assets
The government has made it clear that no virtual asset service provider (VASP) can operate without SECP authorization. This means all digital asset platforms and exchanges in Pakistan must register and comply with strict monitoring and reporting rules. This regulation will reduce illegal crypto trade, money laundering, and fraud, creating a trustworthy digital ecosystem.
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How Will Pakistan Benefit from This Initiative?
| Benefit | Description |
| Transparency | All digital transactions will be recorded on blockchain |
| Investor Confidence | Attracts international investors through regulated systems |
| Tech Advancement | Promotes blockchain and digital finance innovation |
| National Security | Prevents illegal and unregulated digital transactions |
| Public Trust | Builds confidence in government-managed digital systems |
Is Pakistan Legalizing Cryptocurrency?
Not exactly — Pakistan has not legalized public crypto trading yet. However, this initiative clearly shows that the country is moving toward legal and regulated use of blockchain and digital assets at the state level. By creating the Strategic Digital Wallet Company, Pakistan aims to develop the necessary infrastructure for future digital currencies and tokenized assets under government supervision.
Pakistan’s Move in Global Context
Several countries — including China, Saudi Arabia, and the UAE — have already launched or tested their national digital currencies. Pakistan’s move aligns with this global trend and positions it as a serious player in the digital finance world. Experts believe this step will open doors for international collaboration, secure investments, and digital economic growth.
Conclusion
The launch of the Strategic Digital Wallet Company 2025 marks a turning point in Pakistan’s financial and technological history. It represents a future where government assets are transparent, secure, and managed using blockchain technology. If implemented effectively, this initiative will help Pakistan achieve digital financial independence and join the global race toward the digital economy.
Official Website:
https://www.secp.gov.pk
FAQs
Q1: What is the purpose of the Strategic Digital Wallet?
The company will manage and protect all government-owned digital and virtual assets in a secure, blockchain-based system.
Q2: Is cryptocurrency now legal in Pakistan?
No, public crypto trading is still not legal, but the government is regulating and adopting blockchain for official use.
Q3: Who regulates the Strategic Digital Wallet?
It operates under the Securities and Exchange Commission of Pakistan (SECP) and follows the Virtual Asset Ordinance 2025.
Q4: What kind of assets will the company manage?
It will handle tokenized bonds, digital currencies, and other government-related blockchain-based financial assets.
Q5: How will this benefit Pakistan’s economy?
It will improve financial transparency, attract foreign investment, and establish Pakistan as a modern digital economy.
