Pakistan Virtual Assets Regulatory Authority recently held a high level meeting at the Prime Minister’s Office with a senior delegation from the United Arab Emirates to discuss progress and collaboration on Pakistan’s plans for real world asset tokenisation. The discussions centred on developing a structured and regulated approach for converting physical and traditionally illiquid assets into digital financial instruments. Officials described the engagement as part of Pakistan’s broader effort to modernise its financial ecosystem by using regulated virtual asset frameworks to attract investment and improve transparency while maintaining strong governance standards.
The meeting was chaired by PVARA Chairman Bilal Bin Saqib and attended by senior officials from the Authority alongside representatives from UAE based DAMAC Group and PRYPCO, a DFSA licensed and regulated real estate fintech platform operating out of Dubai. Talks explored potential pathways for tokenising real estate, government owned assets and future debt instruments in Pakistan under a clear regulatory structure. Participants examined how tokenisation could enable fractional ownership, improve asset liquidity and open new investment channels for both foreign investors and overseas Pakistanis. The emphasis remained on ensuring that any such initiatives are aligned with regulatory oversight and do not place additional fiscal pressure on the government.
During the session, PVARA officials outlined the Authority’s evolving regulatory framework for virtual assets, which has been designed to encourage innovation while ensuring investor protection, market transparency and institutional accountability. The Authority highlighted tokenisation as a financial mechanism capable of converting dormant or underutilised assets into regulated and investable products that comply with international standards. Officials explained that such an approach could help formalise segments of the economy that remain outside traditional capital markets, while also improving traceability and oversight through compliant digital infrastructure. The framework aims to balance technological advancement with risk management, ensuring that virtual asset based products operate within clearly defined legal and supervisory boundaries.
The UAE delegation was led by Amira Hussain Sajwani, Co Managing Director of DAMAC Group and Chief Executive Officer of PRYPCO. Discussions also covered the role of cross border expertise in building institutional capacity and sharing best practices from mature fintech and real estate tokenisation markets. Participants noted that collaboration with established regional players could support Pakistan in designing scalable tokenisation models that integrate with existing financial systems. The meeting reflected growing interest in regulated virtual assets as an economic tool to unlock value, improve capital formation and strengthen investor confidence, while reinforcing Pakistan’s intention to position tokenisation within a compliant and transparent financial environment rather than as an unregulated alternative.
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