World Liberty Financial (WLFI), a decentralized finance (DeFi) initiative with backing from the Trump family, has formalized a Letter of Intent (LOI) with the Pakistan Crypto Council aimed at advancing blockchain technology and DeFi initiatives within Pakistan, according to a report by TechJuice.
This agreement was established on April 26 during a high-profile meeting attended by WLFI co-founders Zak Folkman, Zach Witkoff, and Chase Herro, along with Pakistan’s Prime Minister and key government figures.
The collaboration seeks to enhance blockchain innovation through the creation of regulatory sandboxes, allowing for the testing of financial solutions based on blockchain technology.
WLFI Partnership with Pakistan Targets DeFi Growth
Areas of focus for this partnership include advancing decentralized finance protocols, investigating the tokenization of tangible assets such as real estate and commodities, increasing the use of stablecoins for remittances and trade, and providing guidance on blockchain regulatory and infrastructure matters.
“The youth and technology sectors in Pakistan are invaluable assets. Partnerships like this open new avenues for investment, innovation, and place us as global leaders in the blockchain economy,” remarked Finance Minister Muhammad Aurangzeb.
As Pakistan boasts over 25 million active cryptocurrency users and about $300 billion in annual transactions, it is positioning itself as a key player in the digital economy.
The demographic composition of the country, with more than 64% of the population being under 30, is promising for swift adoption of blockchain technologies.
Bilal Bin Saqib, CEO of the Pakistan Crypto Council, indicated that this partnership is intended to empower the young populace, facilitating their integration into the dynamic global financial landscape.
Bin Saqib has also joined WLFI as an advisor, which enhances the relationship between the two organizations.
JUST IN: Trump-backed World Liberty Financial (@worldlibertyfi) signs LOI with Pakistan Crypto Council (@cryptocouncilpk) to boost blockchain, DeFi, and stablecoin adoption. Pakistan set to unveil crypto legalization soon.#DigitalPakistan pic.twitter.com/9RfdFbZos6
— TechJuice (@TechJuicePk) April 26, 2025
In a related move, Changpeng “CZ” Zhao, co-founder of Binance, was appointed as a Strategic Advisor to the Pakistan Crypto Council, reflecting the growing international interest in Pakistan’s crypto ecosystem.
Recent reports from The Wall Street Journal also suggest that talks have been ongoing for the Trump family to acquire a stake in Binance.US, possibly through WLFI.
Steve Witkoff, who serves as Trump’s chief negotiator and is the father of WLFI co-founder Zach Witkoff, is said to have led negotiations with Binance.
Additionally, WLFI has unveiled its USD1 stablecoin on both the BNB Chain and Ethereum, following a successful $550 million public token sale, further expanding its presence in the DeFi space.
Pakistan Signals Policy Shift with Plans for National Crypto Council
The Pakistani Finance Ministry has initiated steps toward formally regulating cryptocurrency, which could signify a significant departure from the country’s traditionally cautious approach to digital assets.
In a recent meeting with an international delegation focused on crypto investment and blockchain development, Aurangzeb stressed the relevance of exploring the sector’s potential rather than disregarding it.
The delegation featured prominent figures including Gentry Beach Jr., who has committed $1 billion in funding to Pakistan, tech entrepreneur Nikita Goldsmith, blockchain consultant Alex Malkov, and Cosmic Wire CEO Jerad Finck.
The envisioned National Crypto Council is intended to serve as a government advisory group, uniting regulators, policymakers, and industry representatives to shape the trajectory of cryptocurrency and blockchain legislation.
This initiative represents a notable shift from prior government stances. Until recently, both the State Bank of Pakistan and former finance officials had expressed strong opposition to cryptocurrency adoption due to concerns over financial risks and regulatory uncertainties.
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