Blockchain.com has successfully secured its registration in the Cayman Islands.
With this move, we can now provide regulated custodial services, operate an exchange, and offer OTC crypto brokerage services for institutional clients under the Cayman Islands Monetary Authority’s (CIMA) regulatory framework. While some crypto companies have set up in The Bahamas or British Virgin Islands, Blockchain.com has chosen Cayman for its belief in fostering innovation in crypto and finance and because so many financial institutions trust the rigor of the Cayman regulatory regime.
As the cryptocurrency space matures, institutions need regulatory clarity more than ever. In reviewing how different locales handled crypto, CIMA stood out for its forward-thinking guidance around digital asset regulation, including its efforts to build a regulatory framework for virtual asset service providers. One of the most popular jurisdictions in the world for blockchain-related businesses and crypto funds, the Cayman Islands have fostered a robust blockchain business ecosystem.
This registration is part of our broader commitment to global compliance and regulation in every jurisdiction where we do business. It also helps us further support our institutional clients, who account for approximately half of our revenue.
Next, we’ll seek additional registrations in the U.S., Germany, Italy, France and Spain, providing an ever-expanding range of options for our institutional clients.
Blockchain.com is one of the world’s leading providers of institutional solutions for traders, funds, allocators, VCs, and crypto operators. With over $15B in institutional trading volume, Blockchain.com offers OTC trading, lending, and custody solutions for crypto institutions.
You can view Blockchain.com’s registration on the CIMA registry for crypto enterprises here.