World Liberty Financial (WLF), the decentralized finance (DeFi) platform backed by former U.S. President Donald Trump and his family have signed a landmark Letter of Intent (LOI) with the Pakistan Crypto Council (PCC) to accelerate crypto adoption in one of the industry's fastest growing markets.

The agreement formalized during a high-level meeting attended by WLF co-founders Zach Witkoff, Zak Folkman, and Chase Herro, as well as Pakistan’s Prime Minister and top government officials, marks a pivotal step in positioning Pakistan as a global leader in digital finance.

Strategic Partnership to Propel DeFi and Blockchain in Pakistan

Under this partnership, WLF will collaborate with the Council to launch regulatory sandboxes for testing blockchain-based financial products,expand stablecoin applications for remittances and trade, explore real-world asset tokenization, and assist with the growth of decentralized financial protocols.

According to Blockchain analytics firm Chainalysis, Pakistan is ranked 9th for crypto adoption last year, with an estimated 25 million active crypto users and $300 billion in annual crypto transactions.

Pakistan is also looking to capitalize on its young population, where roughly 60% are under 30, Finance Minister Auhammad 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 in the blockchain economy.”

A New Era for Pakistan’s Digital Economy

The partnership comes amid a wave of international crypto interest in Pakistan. Notably, former Binance CEO Changpeng Zhao was recently appointed as a strategic advisor to the Pakistan Crypto Council, signaling deepening global engagement in the country’s blockchain sector.

Meanwhile, Pakistan’s government is signaling a significant policy shift away from its historically cautious stance on digital assets towards embracing digital assets.

In a meeting last month with an international delegation focused on crypto investment and blockchain development, Aurangzeb emphasized the importance of exploring the sector's potential rather than dismissing it outright.

The delegation included notable figures such as Gentry Beach.Jr., a key investor who has pledged $1 billion in funding to Pakistan, along with tech entrepreneur Nikita Goldsmith, blockchain consultant Alex Malkov, and Cosmic Wire CEO Jerad Finck.

The Pakistan Federal investigation Agency also proposed a crypto regulatory framework on April 10, which looks to address terrorism financing, money laundering and Know Your Customer controls.

This frame is part of the country's broader effort to balance between technological advancement and national security imperatives.

The final framework is expected to fully roll out only in the beginning of 2026, with the proposal still under waiting for legislative approval and feedback from crypto firms operating in the country.

Pakistan's new crypto friendly approach is a stark contrast to its previous stance when former finance minister Aisha Ghaus Pasha stated the country would never legalize cryptocurrencies due to concerns over bypassing Financial Action Task Force regulations.