Trump-Backed Crypto Firm Signs Deal with Pakistan Amid Tensions

In April 2025, the Pakistan Crypto Council (PCC), a newly established government-backed organization, signed a partnership agreement with World Liberty Financial (WLF), a cryptocurrency firm linked to the family of former U.S. President Donald Trump. The announcement drew international attention due to its timing, coming just days after a violent incident in Indian-administered Kashmir.

The Agreement Between PCC and WLF

World Liberty Financial is a decentralized finance (DeFi) company founded in 2024. It focuses on using blockchain technology to support digital financial services. The firm’s leadership includes members of the Trump family—Eric Trump, Donald Trump Jr., and Jared Kushner.

The agreement between WLF and the Pakistan Crypto Council aims to assist in the development of blockchain systems within Pakistan. According to officials, the project will support financial inclusion and improve the use of digital financial tools across the country.

The PCC, formed in March 2025, operates under the leadership of Finance Minister Muhammad Aurangzeb. It also includes senior officials from the State Bank of Pakistan. The council’s main goal is to regulate and promote blockchain technologies and digital assets as part of Pakistan’s broader financial reforms.

Key Figures and Meetings

The WLF delegation was led by Zachary Witkoff, co-chairman of the firm and son of real estate developer Steve Witkoff, who has past business ties with Donald Trump. During the visit, the delegation met with Pakistan’s Army Chief General Asim Munir and Prime Minister Shehbaz Sharif.

As part of its efforts to build trust and credibility, the PCC also announced that Changpeng Zhao, founder of Binance, has been appointed as a strategic adviser. Binance is known as one of the world’s leading cryptocurrency exchanges.

Timing and Public Response

The deal was announced shortly after the April 22 attack in Pahalgam, an area of Indian-administered Kashmir, where more than 20 civilians lost their lives. The event added to the already tense situation between India and Pakistan. In this context, the announcement of a major international business deal involving high-profile figures sparked debate in both regional and international circles.

Some observers raised concerns about the potential for political or diplomatic misunderstandings, especially considering the involvement of individuals closely tied to a former U.S. president. Others questioned whether the deal might complicate ongoing efforts to reduce regional tensions.

What the Deal Could Mean for Pakistan

From a technical standpoint, the agreement is aimed at bringing blockchain innovation to Pakistan’s financial systems. Officials say it could lead to better security, more efficient transactions, and expanded access to financial services, especially for underbanked populations.

The PCC has outlined plans to test blockchain tools in selected government departments before wider implementation. If successful, these projects could position Pakistan as a regional leader in digital finance.

However, analysts say the project’s success will depend on proper regulation, transparency, and public communication. Pakistan's financial sector has experienced rapid changes in recent years, and new technologies often bring both opportunities and risks.

Calls for Transparency and Oversight

While the deal may offer potential benefits, it has also brought attention to the role of public-private partnerships in developing countries. Questions have been raised about how such partnerships are reviewed and monitored, especially when foreign firms are involved.

Experts emphasize the need for clear oversight mechanisms. They suggest that separating political influence from business operations is important to maintain public trust. Some have also called for more details on the terms of the agreement and how it will be implemented.

Looking Ahead

The partnership between the Pakistan Crypto Council and World Liberty Financial reflects growing interest in blockchain solutions among emerging economies. It also highlights the increasing role of private companies, including those with political connections, in shaping global digital infrastructure.

As Pakistan moves forward with its digital transformation plans, the focus will likely remain on the effectiveness, fairness, and transparency of such initiatives. International observers will be watching closely to see how the deal progresses and what impact it has on regional dynamics.