Crescent Star Insurance Unveils New Digital and Virtual Assets Venture
Crescent Star Insurance Limited (CSIL) has announced a strategic review of its investment in SG Power Limited (SGPL) and unveiled plans to enter the digital and virtual assets sector through a new joint venture.
In a notice to the Pakistan Stock Exchange, CSIL said its Board of Directors, in an emergent meeting held on December 24, 2025, approved in principle a review of the company’s investment position in SGPL, aiming to optimize investment returns.
The Board also gave the green light to activate Crescent Star Technologies (Private) Limited (CST), a wholly-owned subsidiary, through a proposed joint venture with SGPL. Under the arrangement, SGPL is expected to acquire a 51% equity stake in CST, with CSIL retaining the remaining 49%, subject to regulatory approvals.
CST, under the partnership of CSIL and SGPL, will develop a detailed proposal to apply to the Pakistan Virtual Assets Regulatory Authority (PVARA) or other relevant authorities, enabling CST to undertake digital and virtual asset-related activities.
The Board has authorized the Chief Executive Officer and Company Secretary to carry out the necessary preparatory work and make the required applications.
