Cayman Islands: CIMA Publishes Tokenised Funds Approval Policy

The Cayman Islands Monetary Authority (“CIMA”) has published its Regulatory Policy on Approval of Tokenised Funds (the “Policy”), gazetted on 7 October 2026.

The Policy establishes the criteria and procedures for CIMA’s assessment of applications for registration or licensing of tokenised funds under the Mutual Funds Act and the Private Funds Act. It applies to new applicants, existing regulated funds seeking approval to operate as tokenised funds, and applications where CIMA determines that a proposed structure constitutes a tokenised fund.

Applicants must submit a completed Tokenised Fund Questionnaire through CIMA’s Regulatory Enhanced Electronic Forms Submission (REEFS) platform. CIMA may review the fund’s offering document, constitutional documents, governance framework, business continuity arrangements and other relevant materials, and may impose conditions on approval. Where conditional approval is offered, the applicant must confirm its concurrence in writing within five