In a major move for Pakistan’s digital finance future, World Liberty Financial (WLF)—a decentralized finance platform backed by former U.S. President Donald Trump—has signed a landmark agreement with the Pakistan Crypto Council (PCC) to accelerate blockchain adoption and crypto innovation in the country.
The agreement, signed over the weekend, marks a key step toward positioning Pakistan as a serious global player in the digital economy. High-level meetings took place between WLF leaders, including Zachary Folkman, Chase Herro, and Zachary Witkoff (son of U.S. Special Envoy to the Middle East Steve Witkoff), and top Pakistani officials such as the Prime Minister, Chief of Army Staff, and the Ministers of Finance, Defence, and IT.
The Letter of Intent (LoI) lays out a roadmap for collaboration on regulatory testing grounds (sandboxes), responsible development of DeFi protocols, asset tokenisation (like real estate and commodities), and increased use of stablecoins for remittances and trade.
The deal comes as Pakistan inches closer to unveiling comprehensive crypto regulations—signalling a strong commitment to fintech growth. The country, already one of the world’s fastest-growing crypto markets, sees around $300 billion in annual crypto transactions and is home to over 25 million crypto users.
With more than 64% of the population under 30, high mobile phone penetration, and a booming freelance economy, Pakistan’s digital potential is enormous. WLF leaders were quick to praise the country’s youth and energy, calling it one of the most exciting places globally for decentralized finance.
Finance Minister Muhammad Aurangzeb said the partnership “opens new doors for investment and global leadership in the blockchain economy,” while PCC CEO Bilal Bin Saqib called it a bold move to empower Pakistan’s next generation of innovators.
