The Pakistan Virtual Asset Regulatory Authority (PVARA) today announced the signing of a landmark Memorandum of Understanding (MoU) with SC Financial Technologies, an affiliated entity of World Liberty Financial, the premier cryptocurrency enterprise associated with the family of U.S. President Donald Trump.
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
Modernizing Financial Infrastructure
The agreement marks a significant step in Pakistan’s “Digital Pakistan” initiative, aiming to explore the integration of SC Financial’s USD1 stablecoin into a regulated national digital payments framework. The collaboration will focus on:
- Cross-Border Efficiency: Streamlining settlement and foreign exchange processes to enhance remittance flows.
- Technical Dialogue: Establishing a framework for understanding emerging digital payment architectures and their alignment with national stability.
- Regulatory Integration: Working alongside the State Bank of Pakistan to ensure digital tokens operate securely within the country’s existing currency infrastructure.
High-Level Diplomatic Engagement
The MoU was finalized during a high-profile visit by Zach Witkoff, CEO of World Liberty Financial and SC Financial Technologies. The signing ceremony, held on January 14, was attended by Field Marshal Asim Munir, Prime Minister Shehbaz Sharif, and Finance Minister Muhammad Aurangzeb.
“Our focus is to stay ahead of the curve by engaging with credible global players,” said Finance Minister Muhammad Aurangzeb. “This partnership ensures that financial innovation is explored in a manner aligned with our national interest and regulatory standards.”
A delegation of World Liberty Financial USA led by Zachary Witkoff, Chief Executive Officer called on Prime Minister Muhammad Shehbaz Sharif.
Prime Minister along with Cheif of Defence Forces/Cheif of Army Staff Field Marshal Syed Asim Munir, witnessed the signing of an MoU… pic.twitter.com/FQ0nP283uV
— Government of Pakistan (@GovtofPakistan) January 14, 2026
Strengthening Global Ties
The delegation also called on Chief of Defence Forces, Field Marshal Asim Munir. The Inter-Services Public Relations (ISPR) noted that the meeting reflects rising global confidence in Pakistan’s economic potential and its commitment to fostering a conducive environment for high-tech private sector investment.
Mr. Witkoff lauded Pakistan’s leadership for “embracing futuristic technologies,” citing the country’s immense economic prowess as a primary driver for World Liberty Financial’s engagement.
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Context of Digital Transformation
This partnership coincides with Pakistan’s preparations to launch a pilot for its own digital currency and follows a global trend of sovereign interest in stablecoins. By leveraging the USD1 stablecoin—previously utilized by major entities like Abu Dhabi’s MGX—Pakistan seeks to reduce cash dependency and enhance transparency in its financial markets.
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