Stacks Foundation Collaborates with Pakistan to Foster Blockchain Progress adn Modernize financial Infrastructure
Islamabad, Pakistan – the Stacks Foundation is partnering with the Goverment of Pakistan to establish a blockchain innovation hub, aiming to modernize the nation’s financial systems and cultivate a new generation of Pakistani blockchain developers. the collaboration, highlighted during recent meetings with key government officials, focuses on leveraging Stacks, a leading Bitcoin Layer 2 solution, to address critical areas like remittances, digital identity, and financial inclusion.
The initiative recognizes the potential of Pakistan’s young, tech-savvy population and the government’s proactive stance towards embracing emerging technologies. Discussions centered around opportunities to build modern financial rails, including exploring rupee-backed stablecoins and streamlining remittance processes.
“Pakistan’s young, tech-savvy population deserves modern financial rails,” stated Muneeb Ali, Founder of Stacks. “By working together on regulatory clarity, stablecoin frameworks, and remittance rails, we can definitely help unlock Pakistan’s tremendous potential and set a foundation for long-term growth.”
muneeb Ali,a Pakistani-origin entrepreneur and blockchain pioneer,is a source of national pride,recognized for his contributions to the field,his support for his alma mater,Lahore University of Management Sciences (LUMS),and the establishment of CeDAR (Center for Digital Assets & Research) at LUMS.
The partnership will focus on three key areas:
* Developer Education: Collaboration with leading academic institutions, starting with LUMS, to integrate blockchain technology into curriculum, provide mentorship opportunities, and host guest lectures.
* Student Engagement: Organizing national hackathons, establishing local stacks builder event chapters, and creating pathways for Pakistani talent to connect with international mentors and investors.
* incubating Local Use Cases: Prioritizing blockchain applications tailored to Pakistan’s specific needs, including solutions for remittances, payments, microfinance, supply chain management, and secure record-keeping.
Work has already commenced, with LUMS initiating curriculum development and the Stacks team forming a joint working group to plan the first hackathon, slated for early 2026.
The collaboration builds on Stacks’ recent technological advancements, including the Nakamoto upgrade in October 2024, which delivered near-instant transaction finality, and the launch of sBTC in December 2024, enabling the use of native bitcoin within smart contracts and decentralized applications. Stacks aims to unlock over $1 trillion in passive Bitcoin capital, making BTC a programmable and productive asset.
About Stacks:
Stacks is a leading Bitcoin Layer 2 (L2) solution, currently the top L2 by developer traction, user activity, and market capitalization. It enables smart contracts and decentralized applications to leverage the security and irreversibility of Bitcoin. For more facts, visit stacks.co.
Contact:
Jayson Lynn
Comms Lead
Stacks labs
press@stackslabs.com
