Allied Bank and LUMS’ CeDAR Partner to Drive Blockchain Innovation in Pakistan
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Allied Bank, one of Pakistan’s leading commercial banks, has signed an MoU with the Center for Digital Asset Research (CeDAR) at LUMS. This strategic partnership aims to drive innovation in blockchain technologies, explore digital asset use cases, and foster talent development in Pakistan.
The MoU was formalised in the presence of senior leadership from both institutions. Representing Allied Bank were Mr. Mujahid Ali, Chief Technology & Digital Transformation Officer; Mr. Mohsin Mithani, Chief Digital Officer; and Mr. Muhammad Zaman, Group Head, Digital Transformation & Innovation. From LUMS, attendees included Dr. Tariq Jadoon, Provost; Dr. Zartash Afzal Uzmi, Principal Investigator; Dr. Basit Shafia, Co-Principal Investigator; and Mr. Ali Khawaja, Director.
CeDAR has been established at LUMS as a platform connecting academia, government, and industry. It focuses on advancing research in blockchain and digital assets, promoting financial inclusion, and empowering citizens, while also supporting policymakers in shaping clear, effective, and responsible regulations for sustainable adoption.
Through this collaboration, Allied Bank and CeDAR will jointly pursue cutting-edge research, launch blockchain-based pilot initiatives, and co-develop tailored training programmes to equip the next generation with expertise in emerging technologies. This initiative aims to bridge the gap between academia and industry, accelerating Pakistan’s digital transformation in the financial sector.
This engagement underscores Allied Bank’s continued commitment to embracing emerging technologies and nurturing strategic industry-academia partnerships to shape the future of banking in Pakistan.
