Pakistan has denied making any investment in World Liberty Financial, a cryptocurrency company associated with US President Donald Trump’s family, saying its engagement with the firm has focused on technical cooperation and exploring developments in digital finance.
The Pakistan Virtual Assets Regulatory Authority (PVARA) said the country’s relationship with the company had remained primarily limited to technical cooperation and assessing possibilities related to the future of financial systems, according to a report by BBC Urdu.
The clarification comes amid renewed scrutiny of the international business dealings of Trump-linked companies following the Democrats’ gains in the November 2026 US midterm elections.
Pakistan’s position distinguishes its discussions with the cryptocurrency venture from an equity investment or the allocation of public funds to the company.
How Pakistan Established Links With World Liberty Financial
Pakistan’s engagement with World Liberty Financial began in 2025, following the establishment of the Pakistan Crypto Council in March that year.
On April 27, 2025, the council signed a letter of intent with World Liberty Financial to explore cooperation in blockchain technology, stablecoins and decentralised finance.
The agreement was presented as an initial step towards examining opportunities in the digital financial sector rather than a confirmed investment arrangement.
The relationship advanced in January 2026 when the government signed a memorandum of understanding with SC Financial Technologies LLC, an affiliated entity of World Liberty Financial.
The signing took place on January 14 at a ceremony attended by Prime Minister Shehbaz Sharif, Chief of Defence Forces Field Marshal Asim Munir and other senior officials.
Finance Minister Muhammad Aurangzeb and World Liberty Financial Chief Executive Zachary Witkoff signed the agreement on behalf of their respective organisations.
According to the government’s announcement, the MoU was intended to establish structured dialogue and technical understanding around emerging digital payment systems, particularly cross-border transactions.
The Prime Minister’s Office announcement identified SC Financial Technologies LLC as an affiliated entity of World Liberty Financial.
World Liberty Financial Confirms Agreement With Pakistan
World Liberty Financial also confirmed its engagement with Pakistan.
Company spokesperson David Wachsman told BBC Urdu that an entity affiliated with the firm had signed an agreement with the Pakistani government to explore the potential integration of US dollar-pegged stablecoins into the country’s financial system.
Stablecoins are digital assets designed to maintain a relatively stable value by being linked to an underlying asset, commonly a national currency such as the US dollar.
The proposed discussions could have implications for cross-border payments and financial settlement systems. However, an agreement to explore a technology does not, by itself, establish that the government has invested in the company or adopted its products.
Pakistan’s clarification therefore draws a distinction between examining digital financial solutions and committing public money to a private cryptocurrency business.
Trump Family Connections Put Company Under Scrutiny
World Liberty Financial was established by members of the Trump family and the family of Steve Witkoff, the US special envoy for the Middle East.
Its international business relationships have attracted attention because of the political and diplomatic positions held by individuals associated with the venture.
Following the Democrats’ victory in the November midterm elections, party leaders have indicated that they intend to use their strengthened position in Congress to investigate business dealings involving Trump, his family and associates.
The planned scrutiny includes cryptocurrency ventures and foreign business relationships that could raise questions about potential conflicts of interest.
However, the broader congressional oversight agenda does not establish that Pakistan’s agreement with an affiliated company is itself the subject of a specific investigation.
Pakistan’s denial of an investment in World Liberty Financial comes as the country continues to explore blockchain technology, digital payments and the regulation of virtual assets.
The distinction between technical cooperation, commercial agreements and financial investment is likely to remain central to questions about the government’s relationship with the Trump-linked cryptocurrency business.
