In January, Zach Witkoff sat down at a table in Islamabad and signed a deal with Pakistan’s finance minister. Witkoff is the young CEO of Donald Trump’s crypto finance firm, World Liberty Financial, and the arrangement he struck that day would allow WLF’s stablecoin to be used for Pakistan’s cross-border transactions.

It was a hugely consequential moment for World Liberty. Despite Trump’s association and the involvement of his sons, this firm hasn’t exactly lit the blockchain world on fire. The value of the company’s token has plummetted from 31 cents to just 8 cents in recent months. World Liberty could use a deal like this—a government vouching for and endorsing the use of its coin. And the deal was being consummated, standing behind Witkoff was General Asim Munir, the top officer in Pakistan’s army.

The presence of a military leader during this financial meeting was odd. But three months later, Munir is connected to another Witkoff family effort: the ongoing negotiations to settle the war in Iran.