Major Crypto Leaders Collaborate
WLFI’s cofounders recently announced a meeting with CZ. The goal? To build global standards for blockchain and encourage crypto adoption. They shared this news on social media. The meeting focused on long-term development, not short-term hype. Their goal is to work with governments and companies in the emerging economies. They wish for decentralized finance to be more accepted and used.
One of the major results of these talks was a Letter of Intent between WLFI and the Pakistan Crypto Council. This agreement focuses on:
- Boosting blockchain development in Pakistan
- Promoting stablecoin adoption
- Expanding real-world DeFi use cases
Pakistan is home to around 25 million crypto users. That’s a large and active market. The partnership aims to create a stable and transparent crypto ecosystem in the country.
WLFI’s Political Ties Raise Questions
While the project has great potential, it faces criticism too. WLFI has strong ties to former U.S. President Donald Trump. The group even called him their “chief crypto advocate.” Some people worry this connection could lead to political bias in the crypto space. If Trump returns to power, WLFI may play a key role in shaping U.S. crypto policy.
WLFI was founded by:
Name | Role |
Steve Witkoff | Real estate mogul, cofounder |
Steve’s son, cofounder | |
Chase Herro | Cofounder |
Zak Folkman | Cofounder |
Their aim was to create a leading financial platform connected to the Trump brand. WLFI raised $550 million through two token sales:
- $300 million in October 2024
- $250 million in March 2025
WLFI uses a tokenholder governance system. Only accredited investors can buy their tokens. $WLFI tokens are not listed on public exchanges.
Mixed Reactions from the Public
Despite signing a major agreement with Pakistan, WLFI still faces public doubt. Critics are concerned about the link between CZ and a Trump-linked project. Some fear this might hurt the credibility of both Binance and WLFI.
CZ responded firmly. He dismissed the concerns as false and politically motivated. He said his focus is on real blockchain growth, not politics. He also stressed the importance of staying neutral to keep public trust.
Global Expansion Continues
CZ is not slowing down. He is building more partnerships around the world. Recently, he met with officials in Malaysia. He also signed a blockchain development deal with Kyrgyzstan. These moves show a clear strategy: expand blockchain in developing countries and improve financial access.
Institutional Support Is Growing
WLFI is also gaining support from major investors. DWF Labs recently invested $25 million in WLFI governance tokens. This shows growing trust in WLFI’s model and its future plans. The project plans to launch asset-backed stablecoins and connect DeFi with traditional finance.
The partnership between CZ, WLFI, and the Pakistan Crypto Council could shape the next stage of crypto growth. Even with political noise, their main goal remains clear. They want to build open, safe, and modern financial systems using blockchain technology. If successful, these efforts could set a standard for how DeFi and blockchain enter mainstream global finance.
