Pakistan signs MoU with World Liberty affiliate on digital finance

Pakistan has taken another step toward advancing its digital finance ambitions after the Ministry of Finance signed a Memorandum of Understanding (MoU) with SC Financial Technologies LLC, an affiliated entity of World Liberty Financial, to explore emerging digital payment architectures, including the potential use of the company’s stablecoin, USD1, for cross-border transactions.

The agreement is aimed at establishing structured dialogue and enhancing technical understanding of secure, compliant, and transparent digital payment systems.

Engagement with global fintech firms

The visiting delegation was led by Zachary Witkoff, Chief Executive Officer of SC Financial Technologies LLC, who also met senior Pakistani officials to discuss global approaches to digital payment infrastructure, cross-border settlement mechanisms, and foreign exchange innovation.

Officials said the engagement reflects Pakistan’s growing profile as a serious contender in the global digital finance landscape, as World Liberty Financial deepens its interaction with the country to explore next-generation digital payment and cross-border finance solutions.

Industry observers view this as World Liberty Financial’s second major engagement with Pakistan, interpreting it as a strong signal that the country is being evaluated as a potential early-stage partner jurisdiction for new digital payment models, including stablecoins, at a time when global fintech firms are increasingly seeking regulation-aware and stable markets.

Government signals regulation-first approach

Speaking on the occasion, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb said Pakistan was committed to proactively shaping its financial future.

“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,” he said.

The latest development 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. That agreement laid the foundation for knowledge-sharing and ecosystem-level dialogue around emerging financial technologies.

The MoU also follows recent regulatory progress in Pakistan’s digital asset sector. On December 12, the newly established Pakistan Virtual Asset Regulatory Authority issued No Objection Certificates (NOCs) to Binance and HTX, allowing both platforms to begin local incorporation.

The approvals were granted in under five months, a timeline officials say is faster than in many comparable jurisdictions.

As part of broader engagement around Pakistan’s evolving digital asset and regulatory framework, Binance founder Changpeng Zhao and TRON founder Justin Sun also visited the country, meeting with key public and private sector stakeholders.

With more than USD 38 billion in annual remittance inflows, a rapidly expanding digital economy, an estimated 40 million crypto users, and industry estimates of up to USD 300 billion in annual digital asset trading volume, Pakistan is increasingly being described as one of the most compelling frontier markets for digital payments and financial innovation.

Officials say sustained international interest, combined with a structured, regulation-first approach, is positioning Pakistan as a market to watch in the global evolution of digital finance.