Trump-backed WLF partners with Pakistan Crypto Council to boost digital finance

Over 64% of Pakistan's population under 30 is actively engaged in crytpo trading, estimatedly contributing $300 billion in annual crypto transactions
An undated image. — Unsplash
An undated image. — Unsplash

In a move expected to expedite the adoption of digital finance in Pakistan, World Liberty Financial (WLF) — a decentralised finance (DeFi) platform backed by US President Donald Trump — has signed a Letter of Intent (LOI) with the Pakistan Crypto Council (PCC).

The partnership between the digital assets institutions is aimed at speeding up blockchain innovation, stablecoin adoption, and DeFi integration across Pakistan’s economy which is rapidly embracing fast-growing digitalisation.

PCC CEO Bilal Bin Saqib added: “This collaboration will empower our young population and integrate Pakistan into the future of global finance.”

Given the hints given by key officials, comprehensive crypto legalisation policies are expected to be announced soon.

As part of the agreement, both parties will launch regulatory sandboxes, support real-world asset tokenisation, increase stablecoin applications for remittances and trade, and advise on blockchain infrastructure development.

Federal Minister for Finance Muhammad Aurangzeb said: “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.”

Pakistan is said to have tremendous potential as over 64% of its population under 30 is actively engaged in crytpo trading, estimatedly contributing $300 billion in annual crypto transactions.