World Liberty Financial (WLF), a decentralized finance (DeFi) platform backed by U.S. President Donald Trump and his family, has joined forces with the Pakistan Crypto Council (PCC). Their goal: to accelerate blockchain innovation and cryptocurrency adoption in Pakistan.
A Landmark Partnership
WLF and PCC signed a Letter of Intent (LOI) to promote blockchain technology, stablecoin use, and DeFi integration across Pakistan. This agreement signals a major step toward transforming Pakistan’s financial landscape.
The signing ceremony brought together top Pakistani officials, including:
- Prime Minister Shehbaz Sharif
- Chief of Army Staff General Asim Munir
- Deputy Prime Minister Ishaq Dar
- Finance Minister Muhammad Aurangzeb
- Governor of the State Bank of Pakistan
- Chairman of the Securities and Exchange Commission of Pakistan (SECP)
- Federal IT Secretary
From the U.S. side, WLF founders Zachary Folkman, Zak Folkman, Chase Herro, and Zachary Witkoff (son of U.S. Special Envoy Steve Witkoff) represented the company.
Focus Areas of Cooperation
The partnership will focus on several key initiatives:
- Regulatory Sandboxes
Creating safe environments to test blockchain-based financial products before full-scale launch. - Stablecoin Expansion
Promoting stablecoins to improve remittances and cross-border trade. - Decentralized Finance (DeFi)
Supporting the growth and responsible integration of DeFi protocols in Pakistan’s financial system. - Tokenization of Real-World Assets
Exploring ways to tokenize assets like real estate and commodities to boost liquidity and investment. - Strategic Advisory
Providing guidance on blockchain infrastructure and aligning with global regulatory standards.
Pakistan’s Crypto Market and Youth Advantage
Pakistan ranks ninth worldwide in crypto adoption, with about 25 million active users and $300 billion in annual crypto transactions. This shows strong interest and activity in digital assets.
The country’s young population is a major asset. Around 64% of Pakistanis are under 30 years old. This youthful demographic is seen as a driving force behind technology adoption and blockchain innovation.
The government is preparing to announce comprehensive crypto legalization policies soon. This move will provide a clearer regulatory framework and encourage further growth in the digital finance sector.
Pakistan’s increasing mobile penetration and growing freelance economy also create fertile ground for Web3 and blockchain technologies.
Why This Partnership Matters
This collaboration aims to position Pakistan as a global leader in digital finance. It will open new doors for investment, innovation, and leadership in blockchain technology.
Empowering Pakistan’s youth and integrating the country into the future of global finance are key goals. The partnership reflects strong government support and international cooperation.
Key Takeaways
- World Liberty Financial, backed by President Donald Trump and family, partners with Pakistan Crypto Council to boost blockchain and crypto adoption.
- Focus areas include regulatory sandboxes, stablecoins, DeFi, and tokenization of real assets.
- Pakistan’s large young population and growing crypto market make it a prime hub for blockchain innovation.
- Government involvement and upcoming crypto legalization policies show strong support for digital finance.
FAQs
Q: Who backs World Liberty Financial?
- A: It is backed by U.S. President Donald Trump and his family, including his sons.
Q: What is the Pakistan Crypto Council?
- A: A government-backed body that oversees crypto regulation and promotes adoption and foreign investment.
Q: What benefits will this partnership bring to Pakistan?
- A: It will speed up blockchain innovation, improve remittances via stablecoins, foster DeFi growth, and help Pakistan become a leader in digital finance.
Q: How large is Pakistan’s crypto market?
- A: Pakistan has about 25 million active crypto users and processes $300 billion in annual crypto transactions.
Q: What role does Pakistan’s youth play?
- A: With over 60% under 30, youth are key drivers of technology adoption and blockchain innovation.
This partnership marks a turning point for Pakistan’s digital economy. It combines local government support with global expertise to unlock new opportunities in blockchain and finance. The future looks promising for Pakistan as it steps into the world of decentralized finance.
