KEY FACTS: World Liberty Financial (WLF), a Trump-backed decentralized finance platform, has partnered with the Pakistan Crypto Council (PCC) to advance cryptocurrency adoption and blockchain innovation in Pakistan. The alliance, formalized through a Letter of Intent, aims to establish regulatory sandboxes, promote stablecoin use for remittances, tokenize real-world assets, and develop DeFi protocols. Signed in Islamabad with key Pakistani officials and WLF founders present, the partnership leverages Pakistan’s youthful, crypto-savvy population and aligns with its regulatory ambitions, bolstered by high-profile advisors like former Binance CEO Changpeng Zhao.
Source: Pakistan Crypto Council/ X
Trump-Backed World Liberty Financial Partners with Pakistan Crypto Council to Drive Blockchain Innovation
World Liberty Financial (WLF), a decentralized finance (DeFi) platform backed by former U.S. President Donald Trump and his family, has entered into a strategic partnership with the Pakistan Crypto Council (PCC). The collaboration, formalized through a Letter of Intent (LoI), aims to accelerate cryptocurrency adoption and blockchain innovation in Pakistan, one of the world’s fastest-growing markets for digital assets. Announced on April 27, 2025, by local news outlet Business Recorder, this partnership seeks to position Pakistan as a key player in the global blockchain economy.
World Liberty Financial (WLF), the decentralised finance (DeFi) platform backed by the US President Donald Trump, on Saturday has signed a landmark Letter of Intent (LoI) with the Pakistan Crypto Council (PCC) to accelerate blockchain innovation, stable-coin adoption, and decentralised finance (DeFi) integration across Pakistan.
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The agreement, signed in Islamabad, is crucial for Pakistan’s financial technology sector. The LoI was inked during a high-profile meeting attended by key Pakistani officials, including the Governor of the State Bank of Pakistan, Finance Minister Muhammad Aurangzeb, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Federal Secretary for Information Technology. Representing WLF were its founders, Zach Witkoff, Zak Folkman, and Chase Herro, while Bilal bin Saqib, CEO of the PCC, led the Pakistani delegation.
The partnership focuses on fostering innovation in several critical areas of blockchain technology. According to the terms outlined in the LoI, WLF will collaborate with the PCC to establish regulatory sandboxes for testing blockchain-based financial products, expand the use of stablecoins for remittances and trade, explore the tokenization of real-world assets such as real estate and commodities, and support the growth of decentralized finance (DeFi) protocols. These initiatives aim to create a robust ecosystem for digital assets in Pakistan, leveraging the country’s young, tech-savvy population and its increasing interest in cryptocurrencies.
Finance Minister Aurangzeb hailed the partnership as a transformative opportunity, stating,
“Through partnerships like this, we are opening new doors for investment, innovation, and global leadership in the blockchain economy.”
Similarly, PCC CEO Bilal bin Saqib emphasized the strategic importance of the collaboration, noting,
“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.”
Pakistan, with a population of over 230 million—60% of whom are under the age of 30, presents a fertile ground for cryptocurrency adoption. The country has witnessed a surge in digital asset usage in recent years, driven by its youthful demographic, increasing internet penetration, and a growing interest in alternative financial systems. According to industry reports, Pakistan ranks among the top countries globally for crypto adoption, with millions of citizens engaging in peer-to-peer trading and investment in digital currencies.
The establishment of the Pakistan Crypto Council in March 2025 emphasizes the government’s commitment to harnessing this potential while ensuring regulatory oversight. The PCC, tasked with overseeing the adoption of blockchain technology and digital assets, has been working to develop a clear regulatory framework for the crypto industry. This framework, which is subject to legislative approval and input from crypto firms, is expected to roll out in multiple phases beginning in 2026.
Already, the Pakistan Crypto Council has expressed optimism on the partnership through a post on the X platform marking it as a step forward for Pakistan’s digital economy.
Today marks a major step forward for Pakistan’s digital economy. The Pakistan Crypto Council, led by CEO Bilalbinsaqib, has signed a Letter of Intent (LOI) with World Liberty Finance, a decentralized finance (DeFi) platform backed by Donald Trump, to accelerate blockchain innovation in Pakistan.
The future of finance is being built now and Pakistan is leading it.
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A notable aspect of Pakistan’s crypto strategy is its proposal to utilize excess energy for Bitcoin mining, as reported by Cointelegraph. FIA Director Sumera Azam highlighted that this initiative is part of a broader effort to balance technological advancement with national security imperatives. The partnership with WLF aligns with these goals, providing technical expertise and global connections to boost Pakistan’s ambitions in the digital asset space.
World Liberty Financial, launched in September 2024, is a DeFi platform that has rapidly gained attention due to its high-profile backing from the Trump family. Former President Donald Trump, along with his sons Eric, Donald Jr., and Barron, have been vocal supporters of the platform, which aims to democratize access to cryptocurrency investing for everyday Americans and global users alike. The platform has raised over $550 million through token sales, including its $WLFI governance tokens and the recently launched USD1 stablecoin, which is pegged to the U.S. dollar and backed by U.S. government debt.
WLF’s mission, as articulated by co-founder Zach Witkoff, is to “build and democratize a new financial system for the benefit of millions.” The platform has pursued an aggressive expansion strategy, forging partnerships with major crypto players and investing heavily in altcoins, including a $775,000 purchase of SEI tokens in April 2025. However, WLF has also faced scrutiny over its governance structure, with critics alleging that the Trump family’s control of 60% of the company’s equity and 75% of token sale revenue raises concerns about decentralization and potential conflicts of interest.
The partnership with the PCC adds a new dimension to WLF’s global outreach. By aligning with a regulatory body in a rapidly growing crypto market, WLF aims to strengthen its position as a leader in the DeFi space while supporting Pakistan’s efforts to integrate blockchain technology into its financial system.
The WLF-PCC partnership is further boosted by the involvement of prominent figures in the crypto industry. Notably, former Binance CEO Changpeng “CZ” Zhao, who was appointed as a strategic advisor to the PCC in April 2025, played a key role in facilitating the collaboration. Zhao, a high-profile figure in the crypto world, recently met with WLF founders Witkoff, Folkman, and Herro to discuss regulatory strategies and innovation in Pakistan’s crypto sector. His appointment as an advisor to the PCC has been seen as a coup for Pakistan, given his extensive experience and global influence in the industry.
Additionally, Bilal bin Saqib, the PCC’s CEO, was appointed as an advisor to WLF earlier in April 2025, further deepening the ties between the two organizations. Saqib’s dual role underscores the strategic alignment between WLF’s global ambitions and Pakistan’s push for crypto leadership.
For Pakistan, the partnership with WLF offers an opportunity to leapfrog traditional financial systems and establish itself as a hub for blockchain innovation. The focus on stablecoin adoption, in particular, could have significant implications for Pakistan’s economy, which relies heavily on remittances from its diaspora. Moreover, the partnership has created a chance to harness the power of blockchain technology to drive economic growth and empower its young population. As Finance Minister Aurangzeb aptly noted, this collaboration is about more than just investment.
For World Liberty Financial, the partnership represents a strategic foothold in one of the world’s most promising crypto markets. However, the partnership also raises questions about regulatory challenges and potential risks. Critics, including U.S. lawmakers such as Senator Elizabeth Warren and Representative Maxine Waters, have expressed concerns about the Trump family’s deep financial ties to WLF and the potential for conflicts of interest. Similar concerns may arise in Pakistan as the country navigates the complexities of regulating a nascent industry while fostering innovation.
The involvement of high-profile advisors like Changpeng Zhao and the support of top government officials signal strong momentum for the initiative, but its success will depend on the ability to deliver tangible results in a rapidly evolving industry.
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