Trump-Backed Crypto Firm Joins Hands with Pakistan Crypto Council
In a significant development for Pakistan’s financial technology sector, the Pakistan Crypto Council (PCC) and World Liberty Financial (WLF) have officially signed a series of agreements aimed at promoting investment and innovation in the cryptocurrency industry. The signing ceremony, held on a Saturday, was attended by key dignitaries including Minister for Information Ata Tarar, CEO of Pakistan Crypto Council Bilal Bin Saeed, and WLF co-chairman Zachary Witkoff.
According to a press statement from the finance ministry, the US delegation, which included Zachary Folkman, Chase Herro, and Zachary Witkoff (son of Trump’s special envoy Steve Witkoff), met with Pakistan’s prime minister, chief of army staff, deputy prime minister, and information and defence ministers to formalize cooperation. This collaboration marks a major step toward positioning Pakistan as a global leader in the digital finance revolution.
The agreements are expected to facilitate greater cooperation between the PCC and WLF, foster innovation in the crypto space, and encourage international investment in Pakistan’s digital economy. The Letter of Intent signed between the two organizations aims to accelerate blockchain innovation, stablecoin adoption, and decentralized finance integration across Pakistan.
Speaking to the media, Ata Tarar emphasized that the establishment of the Pakistan Crypto Council represents a pivotal step towards embracing emerging technologies. “Pakistan offers tremendous opportunities in the crypto sector,” he said. “Despite being a relatively new player, Pakistan has made remarkable progress in a short span of time.” Tarar further noted that Pakistan presents attractive investment opportunities across various sectors, and initiatives like these will help accelerate economic growth and technological advancement.
Zachary Witkoff praised Pakistan’s economic potential, stating, “Pakistan is one of the fastest-emerging economies. We are excited to be part of its journey towards a vibrant financial future.” The WLF, a decentralized finance platform backed by Donald Trump, aims to advance cryptocurrency applications and boost blockchain adoption. Trump and his affiliates hold a 60% stake in WLF, which was launched last year.
The agreement comes as the Pakistani government signals plans to announce comprehensive cryptocurrency legalization policies soon, aiming to bolster Pakistan’s position as one of the fastest-growing crypto markets globally. The scope of cooperation between PCC and WLF includes launching regulatory sandboxes for blockchain financial product testing, facilitating the responsible growth of DeFi protocols, exploring the tokenization of real-world assets, expanding stablecoin applications for remittances and trade, and providing strategic advisory on blockchain infrastructure and global regulatory trends.
