Pakistan has taken a major step toward advancing its digital finance ecosystem.
The federal government signed a memorandum of understanding (MoU) with SC Financial Technologies LLC, an affiliate of World Liberty Financial.
The agreement focuses on exploring the use of World Liberty’s dollar-linked stablecoin for cross-border transactions and emerging digital payment systems.
The MoU was signed during a visit by Zach Witkoff, co-founder and CEO of World Liberty Financial. Witkoff, who is also the son of US special envoy Steve Witkoff, met with senior Pakistani stakeholders to discuss secure, compliant, and transparent digital payment infrastructure.
The meetings also covered innovations in cross-border settlements and foreign exchange processes.
The Pakistan Virtual Asset Regulatory Authority (PVARA) said the MoU will create a platform for dialogue and technical understanding of emerging digital payment architectures. Officials emphasized that Pakistan is positioning itself as a serious player in the global digital finance landscape.
They added that international firms are increasingly evaluating Pakistan as a potential early-stage partner for innovative payment models, including stablecoins.
Finance Minister Muhammad Aurangzeb said Pakistan recognizes that the future of finance is being shaped today.
He stressed the importance of engaging with credible global players and understanding new financial models while ensuring that innovation aligns with national regulations, stability, and strategic interests.
