Regulatory Update: DWF Labs is now a registered Virtual Asset Service Provider (VASP) in the British Virgin Islands.

DWF Labs announced an expansion of its global regulatory footprint with a group entity granted Virtual Asset Service Provider (VASP) regulatory approval from the British Virgin Islands Financial Services Commission (BVI FSC).

The approval gives institutional clients access to DWF Labs’ integrated OTC trading and market making capabilities, including spot trading across thousands of digital assets and stablecoins through a regulated BVI entity.

It also strengthens DWF Labs’ ability to deliver investment, incubation, and ecosystem development services to token issuers globally.

Why the BVI is a top jurisdiction for RWA tokenization:
1) ~10% of the global tokenized US Treasuries market ($1.5B)
2) $1.2B+ in circulating stablecoins via BVI entities
3) 24,700+ stablecoin holders, $694.1M in weekly transfer volume
Source: rwa.xyz

“This is a key step in responsibly expanding and delivering regulated digital asset services to international institutional clients," said Heng Lee, Managing Director & Partner at DWF Labs.

DWF Labs will continue expanding its regulatory footprint across key global markets as part of its international growth strategy.

Read the full release here.