‘World Liberty Financial, a popular decentralized finance (DeFi) platform whose 60% equity ownership belongs to U.S. President Donald Trump and family, has entered into a partnership with the Pakistan Crypto Council (PCC), in order to “accelerate blockchain innovation” in the South Asian country.
On Sunday, the three co-founders of World Liberty Fi(WLF)- Zach Witkoff, Zak Folkman and Chase Hero-—reached Islamabad, where they were welcomed by Bilal Bin Saqib, the CEO of PCC.
A letter of intent was signed between two parties to accelerate blockchain growth, expanding stable coin applications and tokenization of real estate and other commodities.
Launched in September 2024, WLF is a DeFi protocol platform, aimed at providing lending and borrowing services through its native token $WLFI. Users can earn interest on their crypto holdings or borrow against their assets using DeFi protocols.
The key partnership of WLF in Pakistan comes in the wake of Binance cryptocurrency exchange founder Changpeng Zhao (CZ) appointed as a crypto strategic advisor to the PCC.
According to PCC, the LOI signed between them and WLF will entail “launching regulatory sandboxes for blockchain financial product testing, facilitating the responsible growth of DeFi protocols, exploring tokenization of real-world assets like real estate and commodities, expanding stablecoin applications for remittances and trade, and providing strategic advisory on blockchain infrastructure and global regulatory trends.”
Pakistan claims to have above 25 million active crypto users yet, the government is neither regulated nor banned cryptocurrrencies just like its counterpart India.
