On September 3, DWF Labs announced that it received a Virtual Asset Service Provider (VASP) license from the British Virgin Islands Financial Services Commission, enabling it to offer virtual asset exchange and issuance services. The license, granted under the BVI Virtual Asset Service Provider Act, allows institutional clients to access the firm's regulated entity for over-the-counter trading and market-making. The BVI currently holds nearly 10% of the global tokenized U.S. Treasury market, with over $1.2 billion in stablecoins in circulation. The company stated it will continue to expand regulatory approvals in key markets to support its international growth strategy. This was reported by Decrypt.
On September 3, DWF Labs said it had secured a Virtual Asset Service Provider (VASP) license from the British Virgin Islands Financial Services Commission (BVI FSC). The license comes under the BVI Virtual Asset Service Provider Act and lets the firm provide virtual asset exchange and issuance services. So now, institutional clients can use the firm's over-the-counter trading and market-making services through this regulated entity.
Right now, the BVI makes up nearly 10% of the global tokenized U.S. Treasury market, and it has more than $1.2 billion in circulating stablecoins. DWF Labs said it plans to keep widening its regulatory footprint across key global markets as part of its international growth strategy.
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