Islamabad: World Liberty Financial (WLF), a decentralized finance (DeFi) platform supported by former U.S. President Donald Trump, has entered into a significant agreement with the Pakistan Crypto Council (PCC).
The deal, formalized through a Letter of Intent (LOI), is set to accelerate blockchain innovation, stablecoin adoption, and the integration of decentralized finance across Pakistan.
A delegation from WLF, which included key figures such as Zachary Folkman, Zachary Witkoff (son of Steve Witkoff, the U.S. Special Envoy to the Middle East), and Chase Herro, met with Pakistan’s top leadership, including the Prime Minister, Chief of Army Staff, Deputy Prime Minister, Minister of Information, and Minister of Defence.
This high-level engagement helped cement the collaboration between WLF and the Pakistan Crypto Council, signaling a major step forward in Pakistan’s ambition to become a global leader in digital finance, according to the official press release.
Pakistan’s forward-thinking stance demonstrates its readiness to embrace cutting-edge financial technologies.
The government is also preparing to announce comprehensive crypto legalization policies, reinforcing the nation’s standing as one of the fastest-growing crypto markets globally.
The LOI was signed during a key meeting between WLF and the Pakistan Crypto Council, which included senior officials such as Pakistan’s Finance Minister, the CEO of the Council, the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Federal Secretary for IT.
The agreement between WLF and the PCC outlines several areas of cooperation, including the establishment of regulatory sandboxes for testing blockchain financial products, the responsible development of DeFi protocols, and the exploration of tokenization of tangible assets like real estate and commodities.
The partnership will also focus on expanding the use of stablecoins for remittances and trade, as well as providing strategic advice on blockchain infrastructure and global regulatory trends.
Pakistan offers one of the most promising digital economies in the world, with over 64% of its population under the age of 30.
Read More: Pakistan to Legalize Crypto for Foreign Investment Boost
The country ranks highly in global crypto adoption, with an estimated $300 billion in annual crypto transactions and 25 million active crypto users.
With increasing mobile penetration, a flourishing freelance economy, and strong government support for blockchain initiatives, Pakistan’s youth are well-positioned to lead the next wave of Web3 innovation.
Finance Minister Muhammad Aurangzeb expressed enthusiasm for the partnership, stating, “Pakistan’s youth and technology sector are our greatest assets.
Through partnerships like this, we are opening new doors for investment, innovation, and global leadership in the blockchain economy.”
Bilal Bin Saqib, CEO of the Pakistan Crypto Council, highlighted the strategic importance of the collaboration: “Our partnership with World Liberty Financial is more than just a collaboration—it’s a powerful move to empower our young population and integrate Pakistan into the future of global finance.”
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The leadership of World Liberty Financial also praised Pakistan’s dynamic potential, stating, “Pakistan’s energy, vision, and talent make it one of the most exciting places in the world to build the future of decentralized finance.”
