Pakistan’s federal cabinet has approved the establishment of the Strategic Digital Wallet Company, a new state-owned enterprise aimed at managing and safeguarding the government’s virtual assets under a recently enacted regulatory framework.
Incorporated as a non-profit entity under Section 42 of the Companies Act, 2017, the company is registered with the Securities and Exchange Commission of Pakistan (SECP). It follows the promulgation of the Virtual Asset Ordinance, 2025, providing a comprehensive legal framework for regulating virtual assets and Virtual Asset Service Providers in the country.
According to official documents, the government has appointed Ahmed Taimoor Hasan as the first CEO of the Strategic Digital Wallet Company, on an additional charge basis. He will act as the CEO until the Board can appoint a permanent chief executive in accordance with the State-Owned Enterprises (Governance and Operations) Act, 2023.
Three senior government officials have been nominated as founding directors to fulfill the SECP’s incorporation requirements: Ahmed Taimoor Hasan, Joint Secretary, Finance Division; Humera Azam Khan, Joint Secretary, Cabinet Division; Amir Muhammad Khan Niazi, Joint Secretary, Law and Justice Division
Infrastructure for tokenized assets
The company is expected to act as a key digital infrastructure platform for the public sector, facilitating future use cases such as tokenized government bonds, sovereign digital currencies, and cross-border blockchain transactions, all within a regulated environment.
The initiative is being led in part by the Pakistan Crypto Council, which recommended the creation of a secure, government-operated digital wallet system to manage public-sector virtual assets.
Analysts say the government’s decision signals its intent to proactively embrace digital finance while addressing risks posed by unregulated crypto markets. “The Strategic Digital Wallet Company lays the groundwork for a secure and inclusive digital financial future,” said a source familiar with the cabinet’s deliberations.
The move places Pakistan among a growing group of countries that are developing institutional frameworks to regulate virtual assets, while leveraging blockchain technology for governance and financial innovation.