By Staff Reporter
ISLAMABAD: World Liberty Financial (WLF), a decentralised finance (DeFi) platform backed by US President Donald Trump, has signed a landmark Letter of Intent (LoI) with the Pakistan Crypto Council (PCC) to accelerate blockchain innovation, stablecoin adoption, and DeFi integration across Pakistan.
The agreement, finalised during a high-level meeting in Islamabad, positions Pakistan as a potential frontrunner in the global digital finance race and highlights the Trump administration’s deepening ties to the blockchain sector.
The deal comes as Pakistan prepares to roll out comprehensive cryptocurrency legalisation policies, tapping into a crypto market already bustling with an estimated $300 billion in annual transactions and 25 million active users.
The WLF team, including Zachary Folkman, Zachary Witkoff—son of U.S. Special Envoy to the Middle East Steve Witkoff—and Chase Herro, met with Pakistan’s top brass, including Prime Minister Shehbaz Sharif, Chief of Army Staff General Asim Munir, and Finance Minister Muhammad Aurangzeb.
The LoI outlines cooperation on regulatory sandboxes for blockchain financial products, DeFi protocol expansion, asset tokenization, stablecoin use in remittances, and global regulatory guidance.
Pakistan’s push into blockchain reflects a strategic bid to bolster its economy, leveraging a population where over 64 percent are under 30 and a thriving freelance sector fueled by mobile connectivity. Finance Minister Aurangzeb called the partnership a gateway to investment and 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,” Aurangzeb said.
Bilal Bin Saqib, CEO of the PCC the deal will integrate Pakistan into the future of global finance.
“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.”
WLF leaders hailed Pakistan’s potential as a DeFi hub. “The country’s vision and talent make it a standout in the decentralised finance space,” a statement said.
With President Trump’s backing, WLF brings technical expertise and geopolitical weight to the table, guiding Pakistan through the complexities of blockchain adoption. Lower remittance costs—a lifeline for a nation reliant on overseas workers—and broader financial access in rural areas are among the tangible benefits. Analysts see it as a bold play.
The initiative will roll out in stages, starting with regulatory frameworks and pilot projects.
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