- Trump-backed WLF signed a Letter of Intent with the Pakistan Crypto Council to boost blockchain growth.
- Pakistan plans crypto legalization to strengthen its fast-growing digital economy and youth engagement.
- The collaboration focuses on DeFi expansion, regulatory sandboxes, and tokenization of real-world assets.
A U.S. President Donald Trump-backed Decentralized Finance (DeFi) platform, World Liberty Financial (WLF), has recently entered into a partnership with the Pakistan Crypto Council (PCC). According to TechJuice’s report, the objective of this strategic partnership is to facilitate the fast-paced adoption of blockchain, stablecoins, and DeFi in Pakistan.
Trump and his associates own about 60% of WLF, which was established the prior year. His administration has particularly embraced the cryptocurrency industry through reduced enforcement actions which creates a friendly legal environment. Therefore, the partnership has attracted the attention of both industry players and the government alike.
High-Level Delegation Meets Pakistani Leaders
A WLF delegation met with the Pakistani Prime Minister, Chief of Army Staff, Deputy Prime Minister, and Ministers of Information and Defense during the Islamabad visit. Zachary Witkoff, the son of Trump’s special envoy Steve Witkoff, Zachary Folkman, and Chase Herro represented the delegation.
After this high-level meeting, the two parties agreed and signed the Letter of Intent (LOI) that entails their willingness to grow together. Finance Minister Muhammad Aurangzeb and Chief Executive Officer of Pakistan Clearing Companies (PCC) Bilal Bin Saqib graced this significant event along with other officials from Pakistan’s central bank and securities commission.
However, the government said that a comprehensive crypto legalization plan is to be revealed, positioning Pakistan as a rising star in digital finance. This forward-looking approach establishes the government’s desire to incorporate blockchain technology into the country’s economy.
Areas of Strategic Collaboration
The partnership covered several critical sectors. First, the parties will build regulatory sandboxes to enable the use of innovation, but in a controlled environment to minimize risk in the implementation of blockchain financial products. Moreover, both aim to promote the development of sustainability in decentralized finance protocols.
In addition to these goals, the partnership will work on the process of tokenization of tangible assets such as real estate and commodities. Strengthening the use of stablecoins for the purpose of cross-border transfers and the facilitation of trade remains another priority area. Additionally, WLF and PCC will give best practice advice on blockchain and the global legal framework to improve blockchain adoption and development in Pakistan.
Finance Minister Aurangzeb, while expressing his views, said that Pakistan’s youth and technology is very essential. He pointed out that a partnership like this one will create new financial opportunities, foster innovation, and increase Pakistan’s profile as a blockchain technology hub.
Saqib also echoed the optimism, saying that the agreement was a strategic move to empower the Pakistani youth. This empowerment is expected to facilitate the country’s integration into the decentralized finance systems.
Pakistan’s population is young since over 64% of the entire population is below the age of 30, therefore, it is a prime digital market. Approximately 25 million citizens of the nation are active users in crypto, making roughly $300 billion in crypto transactions annually. With high mobile penetration and a vibrant freelance economy, Pakistan is ideally positioned to drive global Web3 innovation.
