World Liberty Financial (WLFI) met with Binance CEO Changpeng Zhao to discuss crypto adoption

WLFI announced on Apr. 27 via a post on X, that its founders Zach Witkoff, Zak Folkman, and Chase Herro sat down with CZ in Abu Dhabi to discuss growing global adoption

World Liberty Financial (WLFI) founders had a meeting with Binance co-founder Changpeng Zhao to discuss ways to grow crypto adoption and set new industry standards.

Announced on Thursday 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.

[email protected]’s founders @ZachWitkoff @zakfolkman @WatcherChase met with @cz_binanza, the founder of Binance, to talk about growing global adoption, setting new standards, and pushing crypto to the next level.

This is just the beginning.

Get ready for the next level of crypto innovation as World Liberty Financial founders meet with Binance founder, Changpeng Zhao, to discuss growing global adoption and setting new industry standards for Web3.

Follow along for more updates on the journey to mass adoption! #WLFI #Binance #CryptoInnovation

— World Liberty Financial (@world_liberty) April 27, 2024

The meeting is part of WLFI’s ongoing strategy to penetrate new markets. However, no direct funding announcements or new token issuances have been made public.

In another related development, on Thursday, 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.

Earlier this month, 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.