Bermuda Premier David Burt has announced plans to amend the Public Funds Act to make it easier for public funds to invest in digital assets. The proposal underscores Bermuda’s broader effort to advance blockchain adoption and digital finance, while supporting the development of what the government describes as a fully onchain economy.
Public funds could gain clearer access to digital assets
At the center of the proposal is a legal update designed to facilitate exposure to digital assets through public funds. The move suggests Bermuda is not only maintaining a supportive stance toward blockchain innovation, but also working to create a more structured policy environment for digital asset participation within the financial system.
As jurisdictions around the world weigh how to regulate crypto-related activity without stifling innovation, Bermuda appears to be taking a proactive approach. By revisiting the Public Funds Act, the government is signaling that digital assets may play a more formal role in the territory’s financial framework.
Part of a broader onchain economy strategy
Burt said the amendment is intended to help Bermuda build a fully onchain economy. In practical terms, that points to a future in which more financial activity, asset issuance, and transactional processes are supported by blockchain-based infrastructure. The initiative also aligns with Bermuda’s ambition to position itself as a leader in digital asset adoption and innovation.
For the market, the announcement is mainly a policy signal at this stage. Specific details such as implementation timelines, investment limits, and oversight mechanisms have not yet been disclosed publicly. Even so, the proposed amendment highlights Bermuda’s intent to strengthen its profile as a digital-asset-friendly financial center through legislative modernization.