Key Takeaways World Liberty Financial and the Pakistan Crypto Council have partnered to promote blockchain innovation in Pakistan. Their collaboration aims to establish regulatory sandboxes and explore applications for asset tokenization and stablecoins. Share this article World Liberty Financial (WLFI), a DeFi project endorsed by the Trump family, has signed a Letter of Intent (LOI) with the Pakistan Crypto Council to foster blockchain innovation and DeFi integration across Pakistan, according to a recent report from TechJuice. The agreement was finalized on April 26 during a meeting between World Liberty’s co-founders—Zak Folkman, Zach Witkoff, and Chase Herro—and Pakistan’s Prime Minister along with senior government officials. Per the LOI, World Liberty and the Pakistan Crypto Council will cooperate to launch regulatory sandboxes designed for testing blockchain-based financial products. Key focus areas will also include promoting the development of DeFi protocols, investigating the tokenization of real-world assets like real estate and commodities, expanding stablecoin use cases for remittances and trade, and offering strategic advice on blockchain infrastructure and international regulatory trends. “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, ” stated Finance Minister Muhammad Aurangzeb. Pakistan currently handles roughly $300 billion in annual crypto transactions with 25 million active crypto users.

Its digital economy is supported by a predominantly young population, with over 64% under the age of 30. Bilal Bin Saqib, CEO of the government-backed council, expressed that this strategic partnership aims to empower Pakistan’s youthful population and integrate the country “into the future of global finance. ” In addition to his leadership at the Pakistan Crypto Council, Bilal Bin Saqib joined World Liberty Financial as an advisor last week. Earlier this month, Changpeng “CZ” Zhao, co-founder of Binance, was also appointed as Strategic Advisor to the Pakistan Crypto Council. These updates coincide with reports that President Trump’s family has been negotiating to acquire a stake in Binance. US. According to the Wall Street Journal, Steve Witkoff—the chief negotiator for Middle East and Ukraine matters for the Trump family and father of World Liberty’s co-founder—participated in negotiations with Binance on behalf of the Trump family. The potential acquisition could occur either directly or through World Liberty Financial. CZ dismissed the report publicly, labeling it an “attack on Trump and crypto. ” Recently, World Liberty announced the launch of its flagship stablecoin, USD1, on the BNB Chain and Ethereum networks, following a successful $550 million public token sale.