Amid Kashmir attack tension, Trump backed World Liberty Fi reaches Pakistan

‘World Liberty Financial, a popular decentralized finance (DeFi) platform whose 60% equity ownership belongs to U.S. President Donald Trump and family, has entered into a partnership with the Pakistan Crypto Council (PCC), in order to “accelerate blockchain innovation” in the South Asian country. 

On Sunday, the three co-founders of World Liberty Fi(WLF)- Zach Witkoff, Zak Folkman and Chase Hero-—reached Islamabad, where they were welcomed by Bilal Bin Saqib, the CEO of PCC.

A letter of intent was signed between two parties to accelerate blockchain growth, expanding stable coin applications and tokenization of real estate and other commodities.

The partnership comes amid rising tensions between India and Pakistan after a terrorist attack in Pehalgam of Jammu and Kashmir state resulted in the killing of 26 tourists and dozens injured, where the former has blamed its neighbor for harboring and facilitating terror groups.

While initially President Trump had expressed condolences over the attack and lent “full support” to India, he recently claimed that he is “close friends” with both India and Pakistan and suggested both nations to “figure it out one way or the other.”

Launched in September 2024, WLF is a DeFi protocol platform, aimed at providing lending and borrowing services through its native token $WLFI. Users can earn interest on their crypto holdings or borrow against their assets using DeFi protocols.

President Trump and certain family members own 60% of the equity interests in WLF Holdco LL. The acquisition was made in Q1 2025 soon after WLF raised half a billion dollars in investment. While Trump is named as “chief crypto advocate”, his youngest son, Barron Trump, holds the title of DeFi visionary, and other sons, Eric Trump and Donald Trump Jr are named as “Web3 ambassadors” in WLF.

The key partnership of WLF in Pakistan comes in the wake of Binance cryptocurrency exchange founder Changpeng Zhao (CZ) appointed as a crypto strategic advisor to the PCC.

Pakistan claims to have above 25 million active crypto users yet, the government is neither regulated nor banned cryptocurrrencies just like its counterpart India.