Pakistan has formalized a partnership with SC Financial Technologies LLC, an affiliate of World Liberty Financial, through a memorandum of understanding (MoU) signed on January 14, 2026. The agreement focuses on exploring the application of World Liberty’s dollar-linked stablecoin in cross-border financial transactions.
Collaboration on Digital Payment Architectures
The Pakistan Virtual Asset Regulatory Authority (PVARA) highlighted that the MoU will facilitate technical discussions and understanding related to emerging digital payment frameworks. This collaboration aligns with Pakistan’s efforts to advance its digital finance infrastructure.
Engagement with World Liberty Leadership
Zach Witkoff, CEO of World Liberty and son of US special envoy Steve Witkoff, visited Pakistan to engage with senior officials and stakeholders. Discussions centered on secure, compliant, and transparent digital payment systems, including innovations in cross-border settlements and foreign exchange processes.
Strategic Positioning in Global Digital Finance
PVARA noted that Pakistan is rapidly establishing itself as a significant participant in the global digital finance arena. The ongoing engagement with World Liberty Financial reflects the country’s potential as an early-stage partner for testing new digital payment models, especially amid growing demand for stable and regulation-compliant markets.
Government Perspective
Finance Minister Muhammad Aurangzeb emphasized Pakistan’s commitment to staying ahead in the evolving financial landscape by collaborating with credible international partners. He stressed the importance of aligning innovation with regulatory frameworks, financial stability, and national interests.
Building on Previous Initiatives
This MoU builds on prior cooperation, including a Letter of Intent signed in April with the Pakistan Crypto Council, which laid the foundation for knowledge exchange on emerging financial technologies. Additionally, PVARA recently granted No Objection Certificates to major digital asset platforms Binance and HTX, facilitating their local incorporation.
Pakistan’s Growing Digital Economy
With over $38 billion in annual remittances, an estimated 40 million cryptocurrency users, and significant trading volumes, Pakistan is emerging as a key market for digital payments and financial innovation. The country’s structured, regulation-focused approach has attracted sustained international interest.
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
