Pakistan Partners with Trump-Backed Crypto Firm to Advance Blockchain Innovation

By Metals Minerals Publication On May 17, 2025 0

In a significant move to bolster its digital economy, Pakistan has entered into a strategic partnership with World Liberty Financial (WLF), a decentralized finance (DeFi) platform backed by former U.S. President Donald Trump and his family. The collaboration aims to accelerate blockchain innovation, promote stablecoin adoption, and integrate DeFi solutions across Pakistan.

Details of the Partnership

The agreement, formalized through a Letter of Intent signed on April 26, 2025, involves cooperation between WLF and the Pakistan Crypto Council (PCC). Key areas of focus include:

Regulatory Sandboxes: Establishing environments to test blockchain-based financial products safely.
DeFi Protocols: Promoting the responsible development and integration of decentralized finance systems.
Asset Tokenization: Exploring the digitization of real-world assets such as real estate and commodities.
Stablecoin Applications: Expanding the use of stablecoins for remittances and trade.
Blockchain Infrastructure: Providing consultancy on blockchain infrastructure and aligning with global regulatory trends.

High-Level Engagement

The WLF delegation, comprising Zachary Folkman, Chase Herro, and Zachary Witkoff (son of U.S. Special Envoy Steve Witkoff), met with prominent Pakistani leaders, including Prime Minister Shehbaz Sharif, Chief of Army Staff General Asim Munir, and other senior officials. The discussions centered on formalizing cooperation to position Pakistan as a global leader in the digital finance revolution.

Strategic Implications

This partnership underscores Pakistan’s commitment to embracing financial innovation and integrating into the global digital economy. With over 64% of its population under the age of 30, Pakistan is poised to become a significant player in the blockchain and cryptocurrency sectors. The government’s proactive approach includes plans to announce comprehensive crypto legalization policies, further strengthening the country’s position in the global market.

International Reactions and Ethical Considerations

The involvement of the Trump family in WLF, holding a 60% stake, has drawn international attention. Critics express concerns over potential conflicts of interest, especially given the geopolitical sensitivities in South Asia. The partnership’s timing, amidst ongoing regional tensions, adds complexity to the ethical discourse surrounding the intersection of political influence and commercial interests in the realm of global crypto finance.