ISLAMABAD – In a historic move poised to reshape Pakistan’s financial landscape, World Liberty Financial (WLF), the decentralized finance (DeFi) platform backed by former U.S. President Donald Trump, has signed a landmark Letter of Intent (LoI) with the Pakistan Crypto Council (PCC). The agreement aims to accelerate blockchain innovation, stablecoin adoption, and DeFi integration across the country.
A high-level WLF delegation — including Zachary Folkman, Zachary Witkoff (son of U.S. Special Envoy to the Middle East Steve Witkoff), and Chase Herro — met with Pakistan’s leadership to formalize the partnership. The delegation held meetings with the Prime Minister, Chief of Army Staff, Deputy Prime Minister, Minister of Information, and Minister of Defence. Key stakeholders such as the Finance Minister, Governor of the State Bank of Pakistan, Chairman of the Securities and Exchange Commission of Pakistan (SECP), Federal Secretary for IT, and the CEO of the Pakistan Crypto Council also participated in the discussions.
The collaboration between WLF and PCC focuses on several key areas:
- Launching regulatory sandboxes for blockchain financial product testing
- Facilitating the responsible growth of DeFi protocols
- Exploring tokenization of real-world assets like real estate and commodities
- Expanding stablecoin applications for remittances and trade
- Providing strategic advisory on blockchain infrastructure and global regulatory trends
Significantly, Binance founder Changpeng Zhao (CZ) has also been appointed as a strategic advisor to the Pakistan Crypto Council, further strengthening the Council’s global ties.
Pakistan’s government has signaled its readiness to announce comprehensive crypto legalization policies in the near future, highlighting its proactive approach to embracing financial innovation. The country already ranks among the top in global crypto adoption, with an estimated $300 billion in annual crypto transactions and approximately 25 million active crypto users.
With over 64% of the population under the age of 30, Pakistan boasts one of the world’s most promising digital economies. Rising mobile penetration, a vibrant freelance economy, and strong governmental support for blockchain initiatives uniquely position Pakistan’s youth to drive the next wave of Web3 innovation.
Speaking at the event, Finance Minister Muhammad Aurangzeb said,
“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, added,
“Our collaboration with World Liberty Financial is more than just a partnership—it’s a strategic move to empower our young population and integrate Pakistan into the future of global finance.”
The leadership of World Liberty Financial praised Pakistan’s energy and vision, stating,
“Pakistan’s dynamism, talent, and ambition make it one of the most exciting places in the world to build the future of decentralized finance.”
As Pakistan continues to chart a path towards becoming a global blockchain hub, the partnership with WLF marks a significant step in positioning the country at the forefront of the digital finance revolution.
