While frightening to some, “finance bros” and “tech bros” are now wearing the same gilets as traditional finance products and structures are being infused with digital asset adaptation.
The natural evolution of the digital asset ecosystem into mainstream sectors brings a welcome confluence of tech and finance, which is altogether exciting, useful, unique and disruptive.
However, a much less attractive body of work must be undertaken – ensuring that the regulatory framework remains fit for purpose at each stage of the industry’s development.
Bermuda has proclaimed itself as a global leader in the digital asset space and its legal/regulatory readiness will need to be equally overt.
Today, I explore two key areas of digital asset developments – tokenisation of assets and stablecoin adaptation – and Bermuda’s laws and regulations in place to facilitate these waves.