Pakistan recently signed an agreement with World Liberty Financial ( WLF), a cryptocurrency company in which former US President Donald Trump’s family reportedly holds a 60% stake, according to a Times of India report.
The deal was made with the newly formed Pakistan Crypto Council (PCC), which appointed Binance founder Changpeng Zhao (CZ) as its adviser just a month prior, reflecting Islamabad’s ambition to become South Asia’s crypto hub.
Despite its recent establishment, the PCC welcomed a high-profile delegation from WLF, led by co-chairman Zachary Witkoff, son of Steve Witkoff, an associate of Trump. The delegation also included other executives from WLF and was received by Pakistan’s top officials.
WLF is a decentralised finance platform backed by the Trump family, including Eric Trump, Donald Trump Jr., and Jared Kushner, who have pursued global business ventures. The company launched last year with a focus on blockchain innovation and cryptocurrency applications.
The agreement between WLF and the PCC outlines collaboration on several fronts: regulatory sandboxes for blockchain financial product testing, expanding stablecoin use for trade and remittances, tokenising real-world assets like real estate and commodities, and providing strategic advice on blockchain infrastructure and global regulatory trends.
The US delegation reportedly met with various top Pakistani officials during the signing ceremony, signaling a broad interest in the partnership. The deal is part of Pakistan’s efforts to develop its financial technology sector and position itself in the global digital economy. The government has indicated plans to announce comprehensive cryptocurrency legalisation policies soon.
WLF’s involvement comes amid a growing global focus on cryptocurrencies and blockchain technology as emerging financial tools, with the Trump-backed firm aiming to expand its footprint in the digital finance space.
( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
The deal was made with the newly formed Pakistan Crypto Council (PCC), which appointed Binance founder Changpeng Zhao (CZ) as its adviser just a month prior, reflecting Islamabad’s ambition to become South Asia’s crypto hub.
Despite its recent establishment, the PCC welcomed a high-profile delegation from WLF, led by co-chairman Zachary Witkoff, son of Steve Witkoff, an associate of Trump. The delegation also included other executives from WLF and was received by Pakistan’s top officials.
WLF is a decentralised finance platform backed by the Trump family, including Eric Trump, Donald Trump Jr., and Jared Kushner, who have pursued global business ventures. The company launched last year with a focus on blockchain innovation and cryptocurrency applications.
The agreement between WLF and the PCC outlines collaboration on several fronts: regulatory sandboxes for blockchain financial product testing, expanding stablecoin use for trade and remittances, tokenising real-world assets like real estate and commodities, and providing strategic advice on blockchain infrastructure and global regulatory trends.
The US delegation reportedly met with various top Pakistani officials during the signing ceremony, signaling a broad interest in the partnership. The deal is part of Pakistan’s efforts to develop its financial technology sector and position itself in the global digital economy. The government has indicated plans to announce comprehensive cryptocurrency legalisation policies soon.
WLF’s involvement comes amid a growing global focus on cryptocurrencies and blockchain technology as emerging financial tools, with the Trump-backed firm aiming to expand its footprint in the digital finance space.
( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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