In a major development for cryptocurrency users in Pakistan, the Pakistan Virtual Asset Regulatory Authority (PVARA) said it signed a memorandum of understanding (MoU) with SC Financial Technologies. The firm was described as an affiliated entity of World Liberty Finance, a crypto business connected to US President Donald Trump’s family.
The announcement was made during a visit to Pakistan by Zach Witkoff, co-founder and chief executive of World Liberty Finance. He is also the CEO of SC Financial Technologies and the son of US special envoy Steve Witkoff.
According to official statements, Witkoff met senior Pakistani officials. The discussions focused on digital payment systems, cross-border settlements, and foreign exchange processes.
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Under the agreement, SC Financial Technologies will work with Pakistan’s central bank. The plan is to integrate the USD1 stablecoin into a regulated digital payment system. This would allow the stablecoin to function alongside Pakistan’s own digital currency framework.
The signing ceremony was attended by Chief of Army Staff Field Marshal General Asim Munir, highlighting the importance the government is placing on digital finance and financial innovation. Following the ceremony, a delegation from SC Financial Technologies also met Prime Minister Shehbaz Sharif.
Today, World Liberty Financial signed an MoU with the Ministry of Finance to explore innovation in digital finance, particularly the use of stablecoins for cross-border transactions, signalling growing global interest in Pakistan as a key market for digital assets. pic.twitter.com/rYzbfHYysd
— Pakistan Virtual Assets Regulatory Authority (@PakistanVARA) January 14, 2026
Chairman of the Pakistan Crypto Council (PCC), Bilal Bin Saqib, was also present during the meeting, underscoring the growing role of regulatory and advisory bodies in shaping Pakistan’s crypto and fintech landscape.
According to the Ministry of Finance, the agreement will pave the way for World Liberty Financial to partner with Pakistan in the development of digital payment systems. The collaboration will also focus on cross-border digital payments, an area seen as critical for remittances and international trade.
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Reuters earlier reported that World Liberty sharply increased income for the Trump family business last year. In another major deal, an Abu Dhabi state firm used the World Liberty stablecoin to buy a $2 billion stake in Binance.
The ministry said Pakistan is rapidly moving towards becoming an important global market for digital payments. It added that the US-based company has expressed strong confidence in Pakistan’s digital economy and has identified the country as a key player in the future of global digital finance.
