Pakistan Crypto Council
World Liberty Financial (WLF), a decentralised finance (DeFi) platform supported by US President Donald Trump, has taken a major step towards strengthening ties with Pakistan’s digital economy.
The platform has signed a landmark Letter of Intent with the Pakistan Crypto Council (PCC) aimed at driving blockchain innovation, encouraging the use of stablecoins, and expanding DeFi integration throughout Pakistan.
A delegation from World Liberty Financial, including notable figures like Zachary Folkman, Zachary Witkoff (son of Steve Witkoff, the US Special Envoy to the Middle East), and Chase Herro, visited Pakistan to formalise the partnership.
During their visit, they met with key figures in Pakistan’s leadership, including the Prime Minister, Chief of Army Staff, Deputy Prime Minister, Minister of Information, and Minister of Defence. This high-level engagement reflects the importance both parties place on building a strong foundation for collaboration in the growing digital finance sector.
Pakistan’s government is demonstrating a clear commitment to embracing new financial technologies. Officials have indicated that comprehensive crypto legalisation policies could be announced very soon, positioning Pakistan as one of the fastest-growing crypto hubs globally.
This forward-thinking approach aims to tap into Pakistan’s dynamic, youthful population and growing interest in blockchain and cryptocurrency markets.
The Letter of Intent, signed during meetings that involved Pakistan’s Finance Minister, the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Federal Secretary for IT, outlines a wide range of cooperative efforts.
These include launching regulatory sandboxes for testing blockchain financial products, encouraging the responsible growth of DeFi protocols, exploring the tokenisation of real-world assets such as real estate and commodities, expanding stablecoin use in remittances and trade, and offering strategic advisory services on blockchain infrastructure and global regulations.
Pakistan’s digital economy shows enormous potential, with 64% of its population under the age of 30 and an estimated $300 billion in annual crypto transactions.
About 25 million Pakistanis are currently active in the crypto space, highlighting the country’s rising interest in digital assets. Mobile penetration and the booming freelance economy further add to Pakistan’s favourable environment for Web3 development.
Speaking on the occasion, Finance Minister Muhammad Aurangzeb highlighted the importance of this partnership, saying, “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.”
Bilal Bin Saqib, CEO of the Pakistan Crypto Council, also shared his optimism, stating, “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.”
The leadership at World Liberty Financial expressed excitement about working in Pakistan, noting, “Pakistan’s energy, vision, and talent make it one of the most exciting places in the world to build the future of decentralised finance.”
The partnership marks an important milestone in Pakistan’s journey towards becoming a major player in the global blockchain and crypto economy.
