There is an interesting phenomenon worth paying attention to. Pakistan's recent actions in the crypto space have become more frequent, and several key signals have already emerged.

Since the beginning of this year, Pakistan has officially established a virtual asset regulatory authority, and several leading exchanges have obtained operating licenses. This is not just a policy breakthrough; it reflects a shift in the country's attitude towards crypto assets. More notably, they are exploring the possibility of including Bitcoin in the national reserves while promoting the tokenization of physical assets—such as real estate and factories—traditional assets that can be sliced into digital rights, allowing global investors to participate directly.

From a certain perspective, this logic makes sense. The barriers to entry in traditional finance are clear, and AI startups require substantial capital support, but blockchain and crypto offer a relatively open path. Young people can launch projects based on this infrastructure, and global capital can more easily flow into local assets. Once this cycle gets going, the young population and technological potential could translate into tangible benefits.

From a policy experimentation standpoint, Pakistan's recent moves are indeed trying a new direction. Whether it evolves into market expectations depends on subsequent implementation and market response. However, this concept—using blockchain technology to activate assets, attract global capital, and stimulate local innovation—is worth observing.