World Liberty Financial (WLF) — the decentralized finance (DeFi) platform backed by the U.S. President Donald Trump — has signed a landmark Letter of Intent (LOI) with the Pakistan Crypto Council (PCC) to accelerate blockchain innovation, stablecoin adoption, and decentralized finance (DeFi) integration across Pakistan.
The WLF delegation — including Zachary Folkman, Zachary Witkoff (son of Steve Witkoff who’s the United States Special Envoy to the Middle East), and Chase Herro — met with Pakistan’s leadership including the Prime Minister, Chief of Army Staff, Deputy Prime Minister, Minister of Information and Minister of Defence to formalize cooperation, marking a major step toward positioning Pakistan as a global leader in the digital finance revolution.
World Liberty Financial is backed by the Trump family, including President Donald Trump and his sons — Eric Trump, Donald Trump Jr., and Barron Trump. President Trump has personally endorsed WLF through his statements on social media, platform, Twitter (X). In his tweet in September 2024, Trump refers to the launch of the platform whitelist as a ‘historic moment’.
World Liberty Financial aims to revolutionize global finance through blockchain innovation. Its core pillars include the USD1 stablecoin, a dollar-pegged digital asset backed by U.S. Treasuries and cash equivalents to facilitate remittances and international trade; the WLFI governance token, a non-transferable token offering community members voting rights within the WLF ecosystem; a decentralized finance (DeFi) infrastructure built on Aave v3 to ensure secure lending and borrowing; and a strong commitment to real-world asset (RWA) tokenization through strategic partnerships with firms like Ondo Finance, bridging the gap between traditional finance and decentralized platforms.
Pakistan’s proactive approach demonstrates its commitment to embracing the next wave of financial innovation. The government has signaled plans to very soon announce comprehensive crypto legalization policies, further strengthening Pakistan’s position as one of the fastest-growing crypto markets in the world.
The Letter of Intent was signed between CEO Pakistan Crypto Council, Bilal Bin Saqib and the World Liberty Financial team during the Pakistan Crypto Council meeting. The meeting included the Finance Minister of Pakistan, CEO of the Council, Governor State Bank of Pakistan, Chairman SECP and Federal Secretary for IT. The Scope of Cooperation between Pakistan Crypto Council and World Liberty Financial outlines collaboration in key areas including,
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, and providing strategic advisory on blockchain infrastructure and global regulatory trends
Pakistan offers one of the world’s most promising digital economies, with over 64% of its population under the age of 30. The country ranks among the top in global crypto adoption, with an estimated $300 billion in annual crypto transactions and 25 million active crypto users.
With rising mobile penetration, a vibrant freelance economy, and strong government interest in blockchain, Pakistan’s youth are uniquely positioned to drive the next wave of Web3 innovation.
“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.” Finance Minister Muhammad Aurangzeb stated:
CEO of the Pakistan Crypto Council Bilal Bin Saqib 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.”
World Liberty Financial leadership praised Pakistan’s dynamism, 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.”
