World Liberty Financial (WLF) — the decentralised finance (DeFi) platform backed by the US President Donald Trump — has signed a landmark Letter of Intent (LOI) with the Pakistan Crypto Council (PCC) to speed up blockchain innovation, stablecoin adoption, and decentralised finance (DeFi) integration throughout Pakistan.
The WLF delegation — together with Zachary Folkman, Zachary Witkoff (son of Steve Witkoff who’s america Particular Envoy to the Center East), and Chase Herro — met with Pakistan’s management together with the Prime Minister, Chief of Military Workers, Deputy Prime Minister, Minister of Info and Minister of Defence to formalize cooperation, marking a significant step towards positioning Pakistan as a world chief within the digital finance revolution.
Trump-Backed World Liberty Financial Partners with Pakistan Crypto Council
World Liberty Financial is backed by the Trump household, together with President Donald Trump and his sons — Eric Trump, Donald Trump Jr., and Barron Trump. President Trump has personally endorsed WLF by way of his statements on social media platform, Twitter (X). In his tweet in September 2024, Trump refers back to the launch of the platform whitelist as a ‘historic second’.
World Liberty Financial goals to revolutionise world finance by way of blockchain innovation. Its core pillars embody the USD1 stablecoin, a dollar-pegged digital asset backed by U.S. Treasuries and money equivalents to facilitate remittances and worldwide commerce; the WLFI governance token, a non-transferable token providing neighborhood members voting rights inside the WLF ecosystem; a decentralized finance (DeFi) infrastructure constructed on Aave v3 to make sure safe lending and borrowing; and a powerful dedication to real-world asset (RWA) tokenization by way of strategic partnerships with corporations like Ondo Finance, bridging the hole between conventional finance and decentralized platforms.Pakistan’s proactive method demonstrates its dedication to embracing the subsequent wave of monetary innovation. The federal government has signalled plans to very quickly announce complete crypto legalisation insurance policies, additional strengthening Pakistan’s place as one of many fastest-growing crypto markets on the planet.
The Letter of Intent was signed between the CEO Pakistan Crypto Council, Bilal Bin Saqib and the World Liberty Financial group in the course of the Pakistan Crypto Council assembly. The assembly included the Finance Minister of Pakistan, the CEO of the Council, the Governor State Financial institution of Pakistan, the Chairman SECP and the Federal Secretary for IT. The Scope of Cooperation between Pakistan Crypto Council and World Liberty Financial outlines collaboration in key areas, together with, launching regulatory sandboxes for blockchain monetary product testing, facilitating the accountable progress of DeFi protocols, exploring tokenisation of real-world belongings like actual property and commodities, increasing stablecoin purposes for remittances and commerce, and offering strategic advisory on blockchain infrastructure and world regulatory developments.
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Pakistan provides one of many world’s most promising digital economies, with over 64% of its inhabitants below the age of 30. The nation ranks among the many high in world crypto adoption, with an estimated $300 billion in annual crypto transactions and 25 million energetic crypto customers.
With rising cell penetration, a vibrant freelance financial system, and powerful authorities curiosity in blockchain, Pakistan’s youth are uniquely positioned to drive the subsequent wave of Web3 innovation.
“Pakistan’s youth and know-how sector are our biggest belongings. By means of partnerships like this, we’re opening new doorways for funding, innovation, and world management within the blockchain financial system.” Finance Minister Muhammad Aurangzeb said:
CEO of the Pakistan Crypto Council Bilal Bin Saqib added: “Our collaboration with World Liberty Financial is greater than only a partnership—it’s a strategic transfer to empower our younger inhabitants and combine Pakistan into the way forward for world finance.”
World Liberty Financial management praised Pakistan’s dynamism, stating, “Pakistan’s vitality, imaginative and prescient, and expertise make it one of the thrilling locations on the planet to construct the way forward for decentralized finance.
