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Pakistan has signed a crypto deal with World Liberty Financial (WLF), a Defi firm where the Trump family owns about a 60% stake. However, the timing has raised eyebrows as it comes just days after the peace negotiations between India and Pakistan. For the unversed, Trump is taking credit for facilitating peace between the two nations, although India hasn’t backed that claim.
Pakistan’s New Crypto Council Signs Swift Deals with WLF
As reported by TOI, the newly formed Pakistan Crypto Council (PCC) has signed a series of deals with WLF to boost crypto investment and innovation.
WLF’s delegation included Zachary Witkoff, the son of Trump’s special envoy, Steve Witkoff. However, PCC itself is barely a month old and has raised questions over how fast the deals are moving.
“The WLF has signed a landmark Letter of Intent with the PCC to accelerate blockchain innovation, stablecoin adoption, and decentralised finance integration across Pakistan,” a press statement by the finance ministry said.
The delegation also met with top Pakistani officials like the Prime Minister, Army Chief, and Defence Ministers to seal the partnership.
WLF’s big names include Eric Trump, Donald Trump Jr., and Jared Kushner, who have faced criticism for using their White House connections to boost business. Steve Witkoff, a powerful New York real estate billionaire and close Trump ally, is also involved. He’s a key player in Washington with a regular presence at Trump’s Mar-a-Lago resort.
The PCC was created to make Islamabad a leading digital asset hub in South Asia, which further got a big boost when Binance founder Changpeng Zhao (CZ) joined as a strategic advisor.
Pakistan already has a strong crypto base, as Chainalysis ranked it 9th worldwide in 2024, with around 25 million active users and $300 billion in yearly transactions. With the support of WLF and Binance’s CZ, it plans to compete with regional crypto leaders like the UAE, betting big on blockchain.