Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 08 APRIL 2022

Cayman Islands Foundation Companies For DAOs, Defi And NFTs

Carey Olsen
Carey Olsen
Contributor
Carey Olsen

Carey Olsen

With a heritage that dates back to 1898, Carey Olsen is one of the most established and...

View firm profile
Explore more from Carey Olsen

The rise of cryptocurrencies and digital assets (crypto, for convenience) has led to the creation of many new and innovative projects, particularly in decentralised finance (defi)...

Cayman IslandsTechnology
Bernadette Carey
Bernadette Carey
Chris Duncan
Chris Duncan
Author LinkedIn connections

The rise of cryptocurrencies and digital assets (crypto, for convenience) has led to the creation of many new and innovative projects, particularly in decentralised finance (defi), non-fungible tokens (NFTs) and play to earn gaming (P2E) where decentralised autonomous organisations (DAOs) have become the model of choice.

For almost all such projects, it will be necessary to establish an entity to assist with any formal legal actions which might be required in connection with the project (particularly as a DAO does not have legal personality). Of the options and jurisdictions available, the Cayman Islands (Cayman) foundation company (foundation) has proven to be a particularly popular vehicle for use in conjunction with crypto projects and DAOs.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Member Story: Caution SEZC

Caution SEZC is pioneering verifiable infrastructure for confidential computing, enabling organizations to cryptographically prove their critical systems are secure rather than simply promising they are. Operating from Cayman Enterprise City's Special Economic Zone, the company addresses key challenges in AI, fintech, and healthcare by making secure enclave deployment accessible in minutes while providing complete transparency from source code to execution.
Cayman IslandsTechnology
Cayman Enterprise City
Cayman Enterprise City
Article

AI Risk Disclosures For Cayman Entities

As artificial intelligence transitions from emerging technology to essential operational infrastructure, Cayman Islands entities face mounting pressure to articulate AI-related risks with precision and substance. With AI disclosure among major companies surging from 12% to 83% in just two years, and over a third of new Cayman funds now addressing AI in their documentation, the question is no longer whether to disclose, but how to do so in a manner that satisfies regulators, boards, and sophisticated investo
Cayman IslandsTechnology
Stuarts Humphries
Stuarts Humphries
Article

Cayman Islands Investment Funds - Summer 2026 Update

The Cayman Islands investment funds sector continues to evolve with significant regulatory updates affecting reporting requirements and the introduction of a new framework for tokenised funds. Key changes include modifications to Common Reporting Standards and Economic Substance filing procedures, alongside the implementation of legislation enabling digital token representation of fund interests.
Cayman IslandsFinance and Banking
Carey Olsen
Carey Olsen
Article

Cayman Islands Digital Assets - October 2026 Update

The Cayman Islands has introduced significant regulatory developments for digital assets, including a dedicated framework for tokenised funds, enhanced AML and sanctions rules, and strengthened market conduct requirements for virtual asset service providers. These changes provide greater regulatory certainty while reinforcing the jurisdiction's position as a leading hub for digital assets and fintech innovation.
Cayman IslandsFinance and Banking
Carey Olsen
Carey Olsen
Article

British Virgin Islands Digital Assets - October 2026 Update

The British Virgin Islands is advancing its position in the digital assets space through the implementation of CRS 2.0 and progress towards CARF, while single-asset, closed-ended vehicles are gaining traction for tokenised funds and blockchain projects. These regulatory developments and structural innovations are reshaping how crypto assets and real world asset tokenisation projects can be efficiently structured in this jurisdiction.
British Virgin IslandsFinance and Banking
Carey Olsen
Carey Olsen
Article

New CIMA AML Rule And Sanctions Rule: What Regulated Funds Need To Consider

New CIMA Rules effective September 2026 will transform anti-money laundering and sanctions compliance for Cayman Islands investment funds, elevating previous guidance to directly enforceable requirements. Fund governing bodies face enhanced responsibilities including mandatory annual AML training, independent audit requirements, and stricter AMLCO independence standards. Understanding these practical implications and preparing appropriate compliance frameworks will be essential for funds and their service p
Cayman IslandsFinance and Banking
Carey Olsen
Carey Olsen
Article

New CIMA AML Rule And Sanctions Rule: What Regulated Entities Need To Consider

The Cayman Islands Monetary Authority has introduced new enforceable Rules on anti-money laundering and sanctions compliance, effective September 18, 2026. These Rules transform previous guidance into directly enforceable requirements, establishing clear obligations for regulated entities including mandatory annual training for governing bodies, independent audit requirements, and enhanced AMLCO independence standards.
Cayman IslandsCorporate/Commercial Law
Carey Olsen
Carey Olsen