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The Government of Pakistan, through the Ministry of Finance, signed a Memorandum of Understanding with SC Financial Technologies LLC, an affiliated entity of World Liberty Financial, to enable structured dialogue and technical understanding around emerging digital payment architectures, including the exploring of World Liberty Financial’s stablecoin, USD1 for cross border transactions.
The delegation was led by Zachary Witkoff, Chief Executive Officer of SC Financial Technologies LLC, who also met with senior Pakistani stakeholders to discuss how countries are approaching secure, compliant, and transparent digital payment infrastructure, including innovations in cross-border settlement and foreign exchange processes.
Pakistan is rapidly positioning itself as a serious contender in the global digital finance landscape, as World Liberty Financial deepens its engagement with the country to explore next-generation digital payment and cross-border finance innovations.
Industry observers view World Liberty Financial’s second engagement with Pakistan as a strong indication that the country is being actively evaluated as a potential early-stage partner jurisdiction for exploring new digital payment models including its stablecoin, USD1, at a time when stable, regulation-aware markets are increasingly sought by global fintech players.
Speaking on the occasion, Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, said:
“Pakistan recognises that the future of finance is being shaped today. Our focus is to stay ahead of the curve by engaging with credible global players, understanding new financial models, and ensuring that innovation, where explored, is aligned with regulation, stability, and national interest.”
This momentum builds on earlier engagement between World Liberty Financial and Pakistan, including the signing of a Letter of Intent in April with the Pakistan Crypto Council, led by CEO Bilal Bin Saqib, which laid the groundwork for knowledge-sharing and ecosystem-level dialogue around emerging financial technologies.
It also follows recent regulatory developments in Pakistan’s digital asset sector. On 12 December, the newly established Pakistan Virtual Asset Regulatory Authority issued No Objection Certificates (NOCs) to Binance and HTX, enabling both platforms to initiate local incorporation in Pakistan. These NOCs were issued in under five months, faster than comparable timelines seen in other jurisdictions globally. As part of the engagement, the Founder of Binance, Changpeng Zhao and Founder of TRON, Justin Sun also visited Pakistan, meeting with key public and private sector stakeholders as part of broader engagement around the country’s evolving digital asset and regulatory framework.
Pakistan is emerging as one of the most compelling frontier markets for digital payments and financial innovation, driven by over USD 38 billion in annual remittance inflows, a rapidly growing digital economy, an estimated 40 million crypto users, and industry estimates of up to USD 300 billion in annual trading volume, placing the country among the largest digital asset user bases globally.
With sustained international interest and a structured, regulation-first approach, Pakistan is increasingly being viewed as a market to watch in the evolution of global digital finance.
WLF was founded in 2024 by Zachary Folkman, Chase Herro, Alex Witkoff, Zach Witkoff, and Trump family members. It is a business venture of Trump family.
