Trump-Endorsed WLFI Ventures into Pakistan’s $300 Billion Cryptocurrency Market – CoinCentral
TLDR:
World Liberty Financial has formed a partnership with the Pakistan Crypto Council to drive the adoption of cryptocurrencies. This collaboration focuses on creating regulatory sandboxes, enhancing the use of stablecoins, and investigating asset tokenization. With approximately 25 million users, Pakistan ranks ninth globally in crypto adoption, processing around $300 billion in annual transactions. Recently, World Liberty’s founders had a meeting with former Binance CEO Changpeng Zhao in Abu Dhabi. DWF Labs has also acquired $25 million in WLFI governance tokens as part of its expansion plans.
World Liberty Financial (WLFI), supported by former U.S. President Donald Trump, is swiftly growing its international footprint via strategic alliances and important meetings. The crypto lending and borrowing platform has executed significant moves in Pakistan, engaging with key industry leaders to advance its growth strategy.
On April 27, WLFI formalized a Letter of Intent with the Pakistan Crypto Council aimed at enhancing cryptocurrency investments within the South Asian country. This agreement was signed by WLFI founders Zach Witkoff, Zak Folkman, and Chase Herro, along with the Council’s CEO, Bilal bin Saqib.
Today marks a significant advancement for Pakistan’s digital economic landscape.
The Pakistan Crypto Council, under the leadership of CEO @Bilalbinsaqib, has signed a Letter of Intent (LOI) with @worldlibertyfi, a DeFi platform backed by @realDonaldTrump, to accelerate blockchain initiatives… pic.twitter.com/zVFKnMsHzu
— Pakistan Crypto Council (@cryptocouncilpk) April 27, 2025
The alliance seeks to assist Pakistan in establishing regulatory sandboxes for testing blockchain innovations. These controlled environments will facilitate creativity while managing potential risks to the broader financial system.
WLFI will also aid Pakistan in broadening the use of stablecoins for remittances and trade, which could lower costs and enhance efficiency in the country’s extensive remittance market.
Expanding Footprint in Pakistan
Pakistan is a key market for WLFI, as blockchain analytics firm Chainalysis ranked the country ninth worldwide in terms of crypto adoption last year. The nation boasts around 25 million active crypto users, with annual crypto transactions totaling $300 billion.
With about 60% of its population under 30 years old, Pakistan presents a tech-savvy user base eager to adopt digital currencies, making it particularly appealing for crypto innovation.
“The youth of Pakistan and its technology sector represent our greatest assets. Partnerships like this open new avenues for investment, innovation, and leadership in the blockchain economy,” stated Finance Minister Muhammad Aurangzeb.
The Pakistan Crypto Council, which inked the deal with WLFI, is a government-supported organization responsible for overseeing crypto regulations and initiatives aimed at boosting adoption and attracting foreign investment.
Industry Connections
WLFI’s growth strategy extends beyond Pakistan. The company’s founders recently conferred with Changpeng Zhao (CZ), former CEO of Binance, in Abu Dhabi. An April 27 post on X indicated they discussed strategies for amplifying global crypto adoption and next steps for industry innovation.
CZ has been appointed as an adviser to the Pakistan Crypto Council, where he will help guide the country’s crypto regulatory and innovation endeavors, potentially creating synergy with WLFI’s initiatives in Pakistan.
WLFI’s founders @ZachWitkoff, @zakfolkman, and @WatcherChase met with @cz_binance, the founder of Binance, to discuss promoting global adoption, setting new benchmarks, and advancing crypto’s evolution.
This is merely the beginning.https://t.co/I7r5w4JWQq
— WLFI (@worldlibertyfi) April 27, 2025
Financial Backing
WLFI is garnering attention from institutional investors. On April 16, DWF Labs, a market maker and web3 investment company, acquired $25 million in WLFI governance tokens as a component of its U.S. expansion strategy.
This partnership with DWF Labs includes initiatives to support WLFI’s DeFi products, featuring a USD1 stablecoin collateralized by U.S. Treasuries and cash equivalents.
As per Arkham data, WLFI currently possesses over $102 million in cryptocurrency assets, which include 22.7 million USD Coin, $15.1 million in Wrapped Bitcoin, 13.9 million in Ethereum, and 9.93 million in Tron, among others.
Regulatory Considerations
While embracing cryptocurrency innovation, Pakistan aims to implement responsible regulatory measures. On April 10, the country’s Federal Investigation Agency proposed a crypto regulatory framework. This proposal addresses issues related to terrorism financing, money laundering, and Know Your Customer (KYC) regulations.
FIA Director Sumera Azam noted that the framework intends to harmonize technological progression with national security imperatives. The proposed regulations will require legislative consent and inputs from crypto firms in Pakistan, with roll-out expected to start in 2026.
This new strategy signals a significant transformation in Pakistan’s approach to cryptocurrencies. In May 2023, former finance minister Aisha Ghaus Pasha had asserted that the country would never legalize cryptocurrencies, citing concerns over circumventing Financial Action Task Force regulations.
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