World Liberty Financial founders met with Binance co-founder Changpeng Zhao to discuss ways to grow crypto adoption and set new industry standards.
Announced on Apr. 27 via a post on X, WLFI said its founders Zach Witkoff, Zak Folkman, and Chase Herro sat down with CZ in Abu Dhabi to discuss growing global adoption and the next steps for crypto innovation.
The meeting is part of WLFI’s ongoing strategy to penetrate new markets. As no direct funding announcements or new token issuances have been made public, the meeting’s immediate results are still unknown.
In another related development, on Apr. 27, Pakistani news outlet Profit reported that WLFI had signed a Letter of Intent with the Pakistan Crypto Council to promote blockchain, decentralized finance, and stablecoin adoption in Pakistan. The WLFI team also met with senior Pakistani leaders, including the Prime Minister and ministers of finance, defense, and information.
The agreement with the PCC aims to assist Pakistan in establishing regulatory sandboxes, exploring the tokenization of assets such as real estate, and strengthening its crypto infrastructure. Pakistan is already one of the world’s fastest-growing crypto markets, with over 25 million active users and $300 billion in annual transactions.
WLFI is also gaining attention from institutional players. On Apr. 16, DWF Labs, a leading market maker and web3 investment firm, announced it had purchased $25 million worth of WLFI governance tokens as part of its U.S. expansion strategy. The partnership includes plans to support WLFI’s DeFi products, such as the USD1 stablecoin backed by U.S. Treasuries and cash equivalents.
As per Arkham data, WLFI currently holds just over $102 million in cryptocurrency assets, which 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 aggressive global campaign has accelerated, it is unclear what effect this will have in the long run on the adoption of cryptocurrency worldwide and the DeFi sector.
