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Introduction
Our specialists on artificial intelligence, blockchain technology and web3 spanning multiple offshore jurisdictions offer clients exceptional market insights and cover the fintech ecosystem advising on decentralized autonomous organizations (DAOs), decentralized finance (DeFi) and the Web3 landscape generally. We have established ourselves as the market leader in the Cayman Islands and British Virgin Islands (BVI) for creating and implementing a variety of innovative and regulatory compliant structures and have experts across our jurisdictions, including Hong Kong, BVI and Cayman which are fully engaged with their local regulators to help steer the future regulatory landscape.
We advise distributed ledger technology trading platforms, developers, issuers and investment managers on structuring, licensing, and other regulatory requirements in relation to the development, financing, intellectual property protection, issuance, offering, trading and investment management of digital assets using Cayman and BVI corporate structures.
Scope of Services
- Regulatory and compliance
- Structuring, investment structuring, formation and virtual assets funds
- Intellectual property protection
- Offshore technology funds and other funding vehicles including ICO, ITOs, tokenized and cryptocurrency funds
- Restructuring and corporate recovery
- Dispute resolution & Litigation
- Decentralized autonomous organizations (DAOs) and De-Fi
- FinTech investments and funding
- VASP regulations and digital assets
- Economic Substance
- Tokenization, blockchain, electronic payments and e-transactions and smart contracts
- Regulatory memorandum of advice
- Physical presence business set up or relocation of web3/ offshore digital technology business
- FinTech development and artificial intelligence and data commercial contracts
- Data privacy and cybersecurity
News and Insights
The Cayman Islands Implements Crypto-Asset Reporting Framework
The Common Reporting Standard (“CRS”) which was published by The Organisation for Economic Co-operation and Development (“OECD”) is intended to, among other things, improve international tax transparency. The CRS achieves this objective by, among other things, requiring committed jurisdictions to obtain information on offshore accounts held with “Financial…
Legal500 once again recognised Loeb Smith Attorneys among the leading firms in the Caribbean 2026 rankings
Wonderful news: Loeb Smith Attorneys’ Cayman Islands team has once again been recognised in the rankings of Legal500, one of the top international publications that evaluates law firms and legal professionals worldwide.
An overview of remedies in British Virgin Islands crypto asset disputes
The rapid development of the digital assets space and Web 3.0 ecosystem over the last 10 years has meant that courts around the world have been faced with an ever-increasing number of disputes in this space. This includes the courts in the British Virgin Islands (“BVI”). The cases…
STAR Trusts and Foundation Companies – Developing uses in the Digital Asset space
By way of an update on our recent publication (which can be found here) that the Financial Action Task Force (FATF) had determined that the Cayman Islands has substantively fulfilled its action plan, and following completion of a recent on-site visit by the FATF, the Cayman Islands has…
The Cayman Islands Clarifies Tokenised Funds Rules
The Cayman Islands has taken a material step forward in balancing responsible digital asset innovation with the introduction of the Virtual Asset (Service Providers) (Amendment) Bill, 2025 (the “Amendment Bill”) which, if passed into law, will make key amendments to the Virtual Asset (Service Providers) Act (2024 Revision)…
Artificial Intelligence and Intellectual Property in the Cayman Islands and the BVI
The rapid advancement of artificial intelligence (AI) continues to raise complex questions about the applicability of intellectual property (IP) laws to AI and AI-generated works.
Cryptoasset trading in Cayman Islands
What rules and restrictions govern the exchange of fiat currency and cryptoassets? Assuming the subject cryptoassets fall within the definition of virtual assets under the Virtual Asset (Service Providers) Act (As Revised) (VASP Act), the exchange of fiat currency and cryptoassets will likely constitute a virtual asset service…
First-step analysis: cryptoasset trading in Cayman Islands
Explore essential regulations and guidelines for cryptoasset trading in the Cayman Islands, including licensing, AML/KYC requirements, and compliance for exchanges, custodians, and broker-dealers under the VASP and SIBA Acts.
Key factors for launching a virtual assets business in the BVI
Learn the key factors for launching a virtual assets business in the BVI, including registration under the VASP Act, advantages of the jurisdiction, and the types of services regulated as virtual assets services, from exchanges to custody services.
