Fauji Foundation, Binance Partner on Blockchain

Fauji Foundation has signed a Letter of Intent with Binance to collaborate on blockchain, cryptocurrency, payments, and Web3 technologies in Pakistan. The partnership will focus on building digital payment infrastructure and promoting blockchain education, equipping Pakistani youth with skills to participate in the evolving financial technology sector.

Read more: Pakistan Signs Binance Deal to Tokenise Assets

Fauji Foundation, one of Pakistan’s largest business conglomerates, has entered into a Letter of Intent (LoI) with Binance, the global blockchain and cryptocurrency exchange, to explore commercial collaboration in blockchain, digital payments, and Web3. The agreement was signed on December 12 at Fauji Foundation Headquarters, according to the Pakistan Crypto Council.

The statement noted that Binance will provide advisory support, technological expertise, and industry insights, while Fauji Foundation will work on developing payment infrastructure solutions using digital assets. Both sides also pledged to expand blockchain and cryptocurrency education through their academic institutions, aiming to empower young Pakistanis with the skills needed to responsibly engage in digital finance.

The LoI was signed by Fauji Foundation’s Secretary of Committee of Administration, retired Brigadier Irfan Khan, and Binance CEO Richard Teng. Senior officials, including Fauji Foundation Managing Director retired Lt. Gen. Anwar Ali Hyder and Pakistan Virtual Assets Regulatory Authority Chairman Bilal Bin Saqib MBE, attended the ceremony.

The deal follows Finance Minister Muhammad Aurangzeb’s recent MoU with Binance to explore blockchain-based tokenisation of sovereign assets, signaling Pakistan’s growing interest in emerging financial technologies.