- The WLFI and the Pakistan Crypto Council signed a Letter of Intent on April 27 to drive blockchain innovation, DeFi expansion, and stablecoin usage across Pakistan.
- This is just a month after the Pakistan Crypto Council was launched, and the Binance CEO, Changpeng Zhao, was appointed as an advisor.
To transform Pakistan’s digital finance ecosystem, World Liberty Financial (WLF), a decentralized finance (DeFi) platform supported by the 47th U.S. President Donald Trump, has entered into a Letter of Intent (LOI) with the Pakistan Crypto Council (PCC) on April 27 during a meeting.
The formation of the Pakistan Crypto Council in March 2025 was a huge leap for the nation to incorporate blockchain technology into its financial system in a regulated way.
In attendance were Finance Minister Muhammad Aurangzeb, World Liberty Financial co-founders Zak Folkman, Zach Witkoff, and Chase Herro, along with the Council’s CEO, Bilal bin Saqib, signaling strong leadership and commitment on both sides to driving Pakistan’s digital finance future.
Senior government representatives, including the Chief of the Army Staff, Deputy Prime Minister, Minister of Information, and Minister of Defence, also attended to witness the partnership take shape.
Objectives of the Partnership
The World Liberty Financial and the Pakistan Crypto Council have turned their attention towards a set of projects seeking to define the future of decentralized finance (DeFi) in Pakistan. Among their agendas is the establishment of regulatory sandboxes, secure, regulated spaces in which novel blockchain financial products can be tried out responsibly, thereby enabling the gradual and stable growth of DeFi protocols.
The duo also plans to explore tokenization, which is digitizing real-world assets such as real estate and commodities, thus opening up new points of access and investment. Another objective is widening the use cases of stablecoins, particularly in trade and remittances, which would enhance financial inclusion in the country.
Lastly, WLF and PCC will offer counsel and guidance on blockchain infrastructure in a manner that Pakistan’s digital finance ecosystem develops in tandem with global regulatory trajectories.
In Pakistan, the young population, with more than 64% of the population aged under 30, is an excellent opportunity for the growth of Web3 innovation. As one of the fastest-growing crypto markets, Pakistan boasts more than 25 million active crypto users and experiences about $300 billion in transactions annually.
“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.
Bilal Bin Saqib, CEO of the Pakistan Crypto Council, echoed this sentiment, 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.”
The Pakistan Crypto Council has recently included Changpeng Zhao, former CEO of Binance, the world’s biggest cryptocurrency exchange, as an adviser. As we highlighted in our last article, his real-world experience is expected to lead Pakistan’s drive toward creating a comprehensive regulatory framework and boosting investments in digital education.
