Pakistan Enters Groundbreaking Partnership with SC Financial Technologies
In a significant move within the realm of digital finance, Pakistan has entered into a memorandum of understanding (MoU) with SC Financial Technologies, a subsidiary of World Liberty Financial, which is connected to the Trump family. This partnership marks a pioneering effort as it is the first publicly acknowledged agreement between a nation and a cryptocurrency initiative, with the aim of integrating a dollar-pegged stablecoin into Pakistan’s financial infrastructure.
Regulatory Framework and Future Announcements
The agreement comes at a crucial time when Pakistan is actively seeking to establish clearer regulatory frameworks for cryptocurrencies. Sources involved in the negotiations revealed that further announcements regarding this partnership will follow the upcoming visit of World Liberty CEO Zach Witkoff to Islamabad.
Collaboration with the Central Bank
The MoU, signed with the Ministry of Finance, highlights a shared interest in advancing digital finance, particularly in the realm of using stablecoins for international transactions. According to the terms of the agreement, both World Liberty Financial and Pakistan’s central bank will collaborate to incorporate this stablecoin into the country’s digital payment systems, enhancing the existing cryptocurrency framework already in place.
Previous Initiatives and Future Goals
In April 2024, World Liberty Financial had previously formalized its intent to foster blockchain technologies by signing a Letter of Intent with the Pakistan Crypto Council, focusing on promoting stablecoin utilization for remittances and commercial exchanges. The dollar-pegged stablecoin has seen a notable increase in its circulation, securing its place across diverse blockchain platforms, and is particularly prominent on the BNB Smart Chain.
Moreover, the World Liberty project has evidently boosted the Trump Organization’s revenues significantly in the first half of 2025, as disclosed in financial reports. Also noteworthy is World Liberty’s application for a national banking charter in the U.S., a step that would help bring its dollar-linked stablecoin under regulatory scrutiny.
Pakistan’s Digital Asset Ecosystem
Pakistan’s recent initiatives point to a broader ambition to establish a robust digital asset ecosystem. Over the past year, the nation has formed the Pakistan Virtual Assets Regulatory Authority, which has allowed key exchanges like Binance and HTX to conduct business within its borders. Additionally, government officials have expressed intentions to develop a Bitcoin reserve, aligning with their commitment to enhance the country’s position in the digital financial landscape.
