Cayman Islands
The Cayman Islands remains a globally significant fund domicile, with the VASP Act and refined registration regime providing structured pathways for digital asset activity.
Scope, licensing and operational frame.
Scope of Regulation
The Virtual Asset (Service Providers) Act and its phased licensing rollout govern VASPs under CIMA supervision.
Who requires a licence
Exchanges, custodians, issuers and intermediaries operating from or with sufficient nexus to the Cayman Islands.
Restricted activities
Unregistered VASP activity; certain retail-facing services.
Permitted activities
Registered and licensed VASP activity under defined phases.
Practical & advisory implications
AML/CFT, governance and substance expectations align with international standards.
Evolution at a glance.
VASP Act enacted.
Phase II VASP licensing operational.
Tokenised fund frameworks expand.
Refined VASP supervisory expectations published.
Recent regulatory signals.
CIMA updates VASP registration guidance
Statement on tokenised fund administration
CIMA publishes 2025 VASP supervisory report
"Cayman remains structurally efficient for digital asset fund formation and certain VASP activities."