Trump-Backed WLF Partners With Pakistan Crypto Council For Digital Finance Projects

World Liberty Financial (WLF), a US-based cryptocurrency company with reported ties to President Donald Trump’s family, has entered into a partnership with the newly-formed Pakistan Crypto Council (PCC).

PCC’s deal with WLF, in which the Trump family is said to hold a 60 per cent stake, is part of Pakistan’s broader efforts to expand its presence in the digital finance sector in the country.

What’s the Deal About

WLF and PCC have entered into a Letter of Intent to work on various Blockchain and digital finance projects in Pakistan. The proposed areas of cooperation include the development of regulatory sandboxes for testing Blockchain-based financial products, explore the use of Stablecoin in trade and remittance systems, and the tokenisation of real-world assets, such as real estate and commodities in Pakistan, according to a report in the Times of India.

A delegation from WLF, led by Zachary Witkoff—son of US real estate developer Steve Witkoff—had also visited Islamabad for the signing of the deal last month. The group met with senior Pakistani officials, including Prime Minister Shehbaz Sharif and army chief General Asim Munir.

According to a statement from the Ministry of Finance, Pakistan, the partnership aims to explore opportunities to advance Blockchain innovation and decentralised finance frameworks in Pakistan.

What is WLF

WLF was established in 2024. It is a new company in the cryptocurrency and decentralised finance (DeFi) space and concentrates on using Blockchain technology to provide financial tools and solutions in the DeFi sector.

The company is considered to have substantial backing from Trump family members, including Trump’s sons Eric Trump and Donald Trump Jr., and son-in-law Jared Kushner. It is also tied to DT Marks DEFI LLC, which is associated with Donald Trump. Previously, the Abu Dhabi-based MGX reportedly used WLF’s Stablecoin as part of a $2 billion investment in cryptocurrency exchange Binance.

What is PCC

PCC was set up this year with a focus on developing and regulating the cryptocurrency and Blockchain sector in Pakistan. Its tasks include building regulatory frameworks, promoting Blockchain adoption, and fostering stakeholder collaboration. PCC has appointed Binance founder Changpeng Zhao (CZ) as an advisor.