Trump-backed firm signs letter of intent with Pakistan’s crypto council

ISLAMABAD: The World Liberty Financial (WLF), the decentralised finance (DeFi) platform backed by US President Donald Trump, has signed a Letter of Intent (LoI) with Pakistan Crypto Council (PCC) to accelerate blockchain innovation, stablecoin adoption and DeFi integration across Pakistan.

According to a statement issued by the Ministry of Finance on Saturday, a WLF delegation, including Zachary Folkman, Zachary Witkoff (son of Steve Witkoff, who is US Special Envoy to Middle East), and Chase Herro, met with Pakistan’s leadership to formalise cooperation, marking a major step towards positioning Pakistan as a global leader in the digital finance revolution.

Pakistan leadership included Prime Minister, Chief of Army Staff, Deputy Prime Minister, Minister of Information and Minister of Defence, the statement said.

Pakistan’s proactive approach demonstrates its commitment to embracing the next wave of financial innovation. The government has signaled plans to announce comprehensive crypto legalisation policies, further strengthening Pakistan’s position as one of the fastest-growing crypto markets in the world. The LoI was signed during the meeting of WLF and PCC. Finance Minister of Pakistan, CEO of Council, SBP Governor, Chairman SECP and Federal Secretary for IT were present. The scope of cooperation between Pakistan Crypto Council and World Liberty Financial outlines collaboration in key areas. The areas include launching regulatory sandboxes for blockchain financial product testing, facilitating responsible growth of DeFi protocols, exploring tokenisation of real-world assets, like real estate and commodities. It also includes expanding stable coin 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 percent of its population under 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.