6 hours ago
Last Updated:May 16, 2025, 12:52 IST
World Liberty Financial, involving Donald Trump’s family, reportedly signed a blockchain and crypto deal with Pakistan’s Crypto Council to boost digital finance infrastructure.
Donald Trump (L)/Asim Munir (R) (Photos: PTI)
Days after US President Donald Trump claimed he brokered the peace deal between India and Pakistan, multiple reports have suggested a deal signed in Pakistan, days ahead of the Pahalgam terror attack, involved Trump’s family and Pakistan Army Chief Asim Munir.
The deal was reportedly signed between a privately-owned US cryptocurrency firm – World Liberty Financial, and Pakistan’s barely month-old Crypto Council.
WLF is a crypto venture and is linked to Trump’s family, which holds a 60 per cent stake in it, according to The Times Of India.
The deal also saw a flurry of activities involving some high-profile individuals, who reportedly travelled to Islamabad for the same. Among those present to finalise the deal was Zachary Witkoff – the son of Trump’s longtime associate, Steve Witkoff.
WLF’s investors also included Trump’s sons, Eric and Donald Jr, along with Jared Kushner, their brother-in-law. All three have faced criticism in the past for pursuing international business ventures while maintaining close ties to political power, the report further said.
The group was welcomed by Prime Minister Shehbaz Sharif and, notably, by Asim Munir.
It suggested that the deal between the two parties was signed in Islamabad and aimed at turning the city into South Asia’s leading crypto hub.
Soon after, the Council appointed Binance founder Changpeng Zhao (CZ) as its adviser to lend, the report claimed.
Meanwhile, Asim Munir’s direct involvement has raised questions over whether the deal has any significance to Pakistan’s national security, though nothing has been officially established yet.
In one of its reports, NDTV quoted a statement by Pakistan’s Crypto Council and World Liberty Financial, stating that the agreement permits the latter to integrate blockchain technology across Pakistan’s financial institutions.
It also gives way for tokenisation of assets, development of various types of stablecoin, and regulatory sandboxes for pilot projects in decentralised finance, it said, adding that the aim of the deal is to enhance “financial inclusion and digital transformation" in Pakistan, according to the report.
Donald Trump is presently on a Middle East tour, signing multiple deals.
Before Trump began his visit to Saudi Arabia, Qatar and the United Arab Emirates, his sons Eric and Donald Jr. had already travelled the Middle East extensively in recent weeks.
Location : First Published:News world Crypto Deal Linked To Trump's Family, Also Involving Asim Munir, Signed In Pakistan: Reports
