- WLFI founders met Binance’s CZ in Abu Dhabi to plan strategies for growing global cryptocurrency adoption and setting new industry standards.
- WLFI signed a Letter of Intent with the Pakistan Crypto Council to develop blockchain, DeFi, and stablecoin projects within Pakistan’s growing market.
- DWF Labs invested $25 million into WLFI governance tokens, strengthening WLFI’s DeFi products and supporting its strategic expansion in the United States.
World Liberty Financial (WLFI) announced that its founders, Zach Witkoff, Zak Folkman, and Chase Herro, met Binance co-founder Changpeng Zhao in Abu Dhabi. The meeting aimed to explore strategies for boosting cryptocurrency adoption and setting new industry standards. While no immediate announcements regarding funding or token releases followed, the discussion supports WLFI’s broader plan to enter new global markets.
On April 27, the same day as the Abu Dhabi meeting, WLFI signed a Letter of Intent with the Pakistan Crypto Council. According to Pakistani media outlet Profit, the agreement outlines initiatives to promote blockchain technology, decentralized finance, and stablecoin adoption in Pakistan. As part of their visit, WLFI founders engaged with key Pakistani leaders, including the Prime Minister and senior ministers in finance, defense, and information.
Plans to Develop Regulatory Frameworks in Pakistan
The agreement focuses on developing regulatory sandboxes and exploring the tokenization of real-world assets like real estate. Pakistan, already home to over 25 million active crypto users and handling $300 billion in annual transactions, is considered a key market for WLFI’s expansion efforts. The initiative aims to strengthen Pakistan’s crypto infrastructure and accelerate its role in global digital finance.
Earlier in April, DWF Labs, a leading market maker and web3 investment firm, revealed a $25 million purchase of WLFI governance tokens. This move supports DWF Labs’ United States expansion and provides strategic backing for WLFI’s decentralized finance products. Among these products is the USD1 stablecoin, backed by U.S. Treasuries and cash equivalents, designed to bring more stability to the crypto sector.
According to Arkham data, WLFI holds over $102 million in cryptocurrency assets. This includes 22.7 million USD Coin (USDC), $15.1 million in Wrapped Bitcoin (WBTC), $13.9 million in Ethereum (ETH), and $9.93 million in Tron (TRX). The accumulation of assets highlights WLFI’s growing presence and active strategy in the digital asset sector.
