A meeting was held by the founders of World Liberty Financial with Binance co-founder Changpeng Zhao to explore strategies for increasing crypto adoption and establishing new industry standards.
It was announced on April 27 through a post on X that a meeting was held in Abu Dhabi between WLFI founders Zach Witkoff, Zak Folkman, and Chase Herro with CZ to discuss strategies for expanding global adoption and the next steps for crypto innovation.
The meeting is seen as part of WLFI’s ongoing strategy to enter new markets. As no direct funding announcements or new token issuances have been made public, the immediate outcomes of the meeting remain unknown.
In another related development, it was reported by Pakistani news outlet Profit on April 27 that a Letter of Intent had been signed by WLFI with the Pakistan Crypto Council to promote blockchain, decentralized finance, and stablecoin adoption in Pakistan. Meetings were also held by the WLFI team with senior Pakistani leaders, including the Prime Minister and ministers of finance, defense, and information.
The agreement with the PCC is aimed at assisting Pakistan in establishing regulatory sandboxes, exploring the tokenization of assets like real estate, and strengthening its crypto infrastructure. Pakistan is already recognized as one of the world’s fastest-growing crypto markets, with over 25 million active users and $300 billion in annual transactions.
Attention from institutional players is also being gained by WLFI. On April 16, it was announced by DWF Labs, a leading market maker and web3 investment firm, that $25 million worth of WLFI governance tokens had been purchased as part of its U.S. expansion strategy. Plans to support WLFI’s DeFi products, including the USD1 stablecoin backed by U.S. Treasuries and cash equivalents, are also included in the partnership.
According to Arkham data, just over $102 million in cryptocurrency assets is currently held by WLFI. These assets include 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), among others.
Although WLFI’s global campaign has been aggressively accelerated, the long-term impact on global cryptocurrency adoption and the DeFi sector remains unclear.
