World Liberty Financial, backed by U.S. president Donald Trump, has entered into a partnership with the Pakistan Crypto Council. The partnership will focus on real-world assets, stablecoins, blockchain, and the integration of DeFi.
World Liberty Financial members Zachary Folkman, Zachary Witkoff, and Chase Herro were present in a meeting with the Prime Minister, Chief of Army Staff, Deputy Prime Minister, Finance Minister, Head of Crypto Council, Minister of Information, and the Minister of Defence, as reported by Business Recorder.
A letter of intent was signed between World Liberty Financial and the Pakistan Crypto Council during a meeting which included the Finance Minister of Pakistan, CEO of the council, Governor State Bank of Pakistan, Chairman SECP, and Federal Secretary for IT.
“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,” said Finance Minister Muhammad Aurangzeb.
“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.” said Pakistan Crypto Council Head Bilal Bin Saqib.
The agreement signals a deeper commitment to growing a crypto economy. Government officials in the country previously met with Changpeng Zhao for the same purpose of developing a fully-formed crypto sector in Pakistan.
The partnership’s key areas of focus will involve launching regulatory sandboxes for blockchain financial product testing; facilitating the growth of DeFi protocols; looking at tokenization of real-world assets; and broadening stablecoin applications for purposes such as remittances and trade.
