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Cryptopolitan 2025-04-26 20:00:40

Trump’s WLF signs Pakistan deal to boost blockchain, stablecoins, and DeFi

Trump’s WLF signs Pakistan deal to boost blockchain, stablecoins, and DeFi

World Liberty Financial (WLF), the decentralized finance (DeFi) platform owned by President Donald Trump, signed a Letter of Intent (LOI) with the Pakistan Crypto Council (PCC) in Islamabad on Saturday to push blockchain innovation, stablecoin adoption, and DeFi across Pakistan. This meeting locked in one of the biggest collaborations between a US-based crypto organization and Pakistan’s rising blockchain sector, as Trump’s influence continues moving through global crypto markets. The WLF delegation included Zachary Folkman, Zachary Witkoff, who is the son of Steve Witkoff, US Special Envoy to the Middle East, and Chase Herro. They sat down face-to-face with Pakistan’s Prime Minister, Chief of Army Staff, Deputy Prime Minister, Minister of Information, and Minister of Defense. Every meeting was reportedly focused on drawing a straight path to full crypto integration into Pakistan’s systems. WLF and Pakistan hammer out plans for blockchain and stablecoins The official signing of the LOI happened with Pakistan’s Finance Minister Muhammad Aurangzeb, the Pakistan Crypto Council CEO Bilal Bin Saqib, 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 all present. The document lays out exactly what the two sides agreed to work on together. The plan includes creating regulatory sandboxes to test blockchain financial products without putting the whole system at risk. Pakistan and WLF also agreed to help DeFi protocols grow responsibly inside the country. Another part of the agreement focuses on the tokenization of real-world assets like real estate and commodities. On top of that, they want to expand the use of stablecoins for remittances and trade, which already make up a big part of Pakistan’s economy. WLF also agreed to provide advice on blockchain infrastructure and keep Pakistan updated on how global regulations around crypto are changing. Pakistan’s numbers paint the picture of why this partnership is happening now. About 64% of Pakistan’s population is under 30 years old. The country already ranks high for global crypto adoption. There are an estimated 25 million crypto users inside Pakistan today, and the country pulls off around $300 billion in crypto transactions every year. Mobile usage keeps rising, freelancing is becoming a major income source, and there’s huge government interest in moving the economy toward blockchain technology. Muhammad Aurangzeb said, “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 called the collaboration a strategic move, saying, “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.” Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

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