World Liberty Financial (WLF), a decentralised finance (DeFi) platform backed by former US President Donald Trump, has signed a landmark Letter of Intent (LoI) with the Pakistan Crypto Council (PCC) to advance blockchain innovation and stable-coin adoption in Pakistan.
The agreement was formalised during a high-level meeting held on Saturday, where a WLF delegation comprising Zachary Folkman, Zachary Witkoff – son of US Special Envoy to the Middle East Steve Witkoff – and Chase Herro met with Pakistan’s top leadership, including the Prime Minister, Chief of Army Staff, Deputy Prime Minister, and key ministers. The move is seen as a major step towards placing Pakistan at the forefront of the global digital finance landscape.
Key officials, including the Finance Minister, the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan, and the Federal Secretary for IT, were present at the signing ceremony.
The partnership will focus on launching regulatory sandboxes for blockchain product testing, promoting DeFi protocols, exploring tokenisation of assets like real estate and commodities, expanding stable-coin use for remittances and trade, and offering strategic advice on blockchain infrastructure and global regulatory trends.
Pakistan’s digital economy is rapidly growing, with over 64 per cent of its population under the age of 30. The country ranks among the global leaders in crypto adoption, reporting an estimated $300 billion in annual crypto transactions and around 25 million active users.
With strong mobile penetration, a booming freelance economy, and increasing government interest in blockchain, Pakistan’s youth are well positioned to drive the next wave of Web3 innovation.
Finance Minister Muhammad Aurangzeb said the partnership would create new opportunities for investment and innovation, calling Pakistan’s youth and technology sector the nation’s greatest assets.
Bilal Bin Saqib, CEO of the Pakistan Crypto Council, described the agreement as a strategic move to empower Pakistan’s young population and integrate the country into the future of global finance.
WLF leaders praised Pakistan’s energy and vision, calling it one of the most exciting places in the world for decentralised finance development.
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