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ARTICLE · 29 JULY 2026

Bermuda’s Digital Asset Foresight Bearing Fruit

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Bermuda's digital asset business sector stands at a pivotal moment, with the potential to mirror the island's historic success in captive insurance. Drawing parallels between the transformative Insurance Act of 1978 and the Digital Asset Business Act of 2018, this analysis explores how early regulatory clarity and consistent oversight could position Bermuda as a global leader in the convergence of traditional finance and blockchain technology.

BermudaFinance and Banking
George McCallum
George McCallum
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The wisdom of Bermuda’s pioneering approach in the digital asset business space has been underlined by the latest global economic impact figures compiled by McKinsey & Company, the global management consulting firm.

In 2018, the island became one of the first jurisdictions to enact legislation in relation to digital asset business with the passing of the Digital Asset Business Act.

Only eight years on, McKinsey recently reported that industry estimates suggest that by 2030, the global market value of stablecoins will be between $2 trillion and $4 trillion.

Importantly, the report also highlighted that in 2025, the growth of the global fintech market outpaced the broader financial services industry by more than 15 per cent.

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