Blockchain.com has efficiently secured its registration within the Cayman Islands.
With this transfer, we are able to now present regulated custodial providers, function an alternate, and supply OTC crypto brokerage providers for institutional shoppers below the Cayman Islands Financial Authority’s (CIMA) regulatory framework. Whereas some crypto corporations have arrange in The Bahamas or British Virgin Islands, Blockchain.com has chosen Cayman for its perception in fostering innovation in crypto and finance and since so many monetary establishments belief the rigor of the Cayman regulatory regime.
Because the cryptocurrency area matures, establishments want regulatory readability greater than ever. In reviewing how totally different locales dealt with crypto, CIMA stood out for its forward-thinking steerage round digital asset regulation, together with its efforts to construct a regulatory framework for digital asset service suppliers. Some of the common jurisdictions on the planet for blockchain-related companies and crypto funds, the Cayman Islands have fostered a strong blockchain enterprise ecosystem.
This registration is a part of our broader dedication to international compliance and regulation in each jurisdiction the place we do enterprise. It additionally helps us additional assist our institutional shoppers, who account for roughly half of our income.
Subsequent, we’ll search further registrations within the U.S., Germany, Italy, France and Spain, offering an ever-expanding vary of choices for our institutional shoppers.
Blockchain.com is without doubt one of the world’s main suppliers of institutional options for merchants, funds, allocators, VCs, and crypto operators. With over $15B in institutional buying and selling quantity, Blockchain.com provides OTC buying and selling, lending, and custody options for crypto establishments.
You’ll be able to view Blockchain.com’s registration on the CIMA registry for crypto enterprises right here.
