World Liberty Financial (WLF), a decentralized finance (DeFi) platform associated with former U.S. President Donald Trump, has entered into a major partnership with the Pakistan Crypto Council (PCC) through a Letter of Intent (LoI) designed to promote blockchain advancement, accelerate stablecoin adoption, and strengthen DeFi integration across Pakistan.
A delegation from WLF, which included Zachary Folkman, Zachary Witkoff—son of Steve Witkoff, the United States Special Envoy to the Middle East—and Chase Herro, met with Pakistan’s top leadership. Discussions took place with the Prime Minister, Chief of Army Staff, Deputy Prime Minister, Minister of Information, and Minister of Defence to formalize the collaboration. This engagement marked a significant milestone in efforts to position Pakistan as a future leader in the digital finance ecosystem.
Pakistan’s proactive stance toward emerging financial technologies reflects its ambition to embrace the evolving financial landscape. The government has indicated intentions to soon unveil comprehensive crypto legalisation policies, a move that could further enhance its status as one of the fastest-growing crypto markets globally.
The Letter of Intent, signed during a meeting that included Pakistan’s Finance Minister, the CEO of the Pakistan Crypto 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 Information Technology, sets out several major areas of cooperation. Key focus areas include the establishment of regulatory sandboxes for testing blockchain-based financial products, the responsible scaling of DeFi protocols, the exploration of tokenizing real-world assets like real estate and commodities, the expansion of stablecoin use cases for remittances and international trade, and providing strategic advisory services on blockchain infrastructure and global regulatory developments.
Pakistan’s digital economy stands out globally, with over 64% of its population under the age of 30. The country is ranked among the leaders in global cryptocurrency adoption, reportedly handling around $300 billion in annual crypto transactions and boasting approximately 25 million active crypto users.
With high mobile penetration rates, a thriving freelance economy, and evident governmental enthusiasm for blockchain initiatives, Pakistan’s young population appears poised to spearhead the next wave of Web3-driven innovation.
Pakistan’s Finance Minister, Muhammad Aurangzeb, emphasized that the country’s youth and technology sector represent its strongest assets. He noted that partnerships like the one with World Liberty Financial are paving the way for increased investment, innovation, and global leadership in the blockchain economy.
Similarly, Bilal Bin Saqib, CEO of the Pakistan Crypto Council, described the collaboration with WLF as a strategic initiative aimed at empowering Pakistan’s youth and integrating the country into the evolving landscape of global finance.
Leaders from World Liberty Financial praised Pakistan’s dynamic environment, highlighting the country’s energy, vision, and emerging talent as key factors that make it an ideal place to drive the future of decentralized finance.
With these strategic moves, Pakistan appears ready to play a leading role in shaping the next chapter of blockchain technology and digital finance on the global stage.
