BVI research shows big companies moving away traditional money
New research from BVI Finance shows that more players in the financial services industry are moving away from traditional currencies and adopting decentralised models such as crypto and blockchain technology — a transformation the territory is seeking to capitalise on.
The new Destination Digital report, based on a survey of 451 fintech leaders worldwide, highlights the rapid adoption of blockchain and distributed ledger technology (DLT) across the global financial services sector.
According to the report, 44 percent of global fintech firms now consider DLT fundamental to their operations. That figure rises to 54 percent among early-stage startups, with adoption particularly strong in the UK (45%), Hong Kong (41%), Singapore (41%), and China (43%).
BVI Finance CEO Elise Donovan said this shift in the global financial services industry creates a clear path for the BVI to help companies navigate the transition.
“Jurisdictions such as the British Virgin Islands are supporting this shift, offering purpose-built legislation and licensing that accommodate the specific needs of decentralised systems while providing regulatory credibility,” Donovan said.
The findings come as the BVI continues to refine its fintech offering. In recent years, the territory has rolled out a regulatory sandbox, updated legislation for digital assets, and promoted its flexible company structures to attract innovators.
The shift also comes amid ongoing political pressure from London for Overseas Territories to implement publicly accessible registers of beneficial ownership. While intended to increase transparency, critics argue such registers could erode client privacy.
For some investors, decentralised models offer an alternative — enabling financial activity outside of easily monitored centralised databases. With fintech leaders forecasting greater decentralisation, the BVI’s early positioning could prove critical to maintaining its competitive edge in the global financial services industry.
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Does the Treasury even have our own Digital Asset reserves? BTC, ETH anything? How do we capitalize if we don’t even believe?
please no…. can’t of anything worse for the BVI than the government deciding it should be spending money on crypto…
In 2018 a BVIslander met with Premier Smith and a delegation at BVI London House and begged them to get involved with Bitcoin and crypto currencies as a matter of urgency.
Seven years later and we are still putting millions into CD’s at failing banks for chump-change interest that doesn’t even meet the rate of inflation. Carry on. What could go wrong.
Another opportunity squandered.
If the BVI invested $10,000,000 (10% of their $100,000,000 loan) in Bitcoin on October 31, 2024, at approximately $70,000 per BTC, that investment would be worth approximately $15,876,757 today, September 3, 2025, with Bitcoin priced at $111,137.
Wake up BVI Islanders. Look at how much money China is investing into Guyana South America. The BVI is definitely stuck with depending on the United Kingdom and Canada. Look into this seriously.
the interest on CD here for all banks really that low? asking cuz i planning to try it out but it sound pointless now…
but the interest on loans so high here why is CD interest so low in return? wow
no wonder rent for new apartments so high. gotta pay back that high interest loan… banks here really killing out the middle and lower classes mehson
but hey independence for the small elite family & friends i guess
Bitcoin is probably the least stable currency. It’s highly taxed way worse than stocks.
Please stay anonymous – you are clearly too stupid to be out in public.
Maybe our $5 million USD to bank of Asia was stolen as Bitcoin.
Natalio does understand it but Lorna is teaching him.
SO THE RENTERS IS GOING TO PAY FOR THE APPARTMENTS AND YHE OWNER STILL OWNS IT ■ WH IS NAT-AL-EO GOING TO STAR BUILDING APPARTMENTS AND CUT OUT THESE SHARKS AND A BUS SERVICE FOR THE POOR AND NEEDY , WE ARE AT MERCY OF THESE HUMAN PREDATORS ( ALL AH WE GOING TO OUR GRAVES BUT THESE ANIMALS THAT LOOK LIKE HUMANS GRABBING & GRABBING AS MUCH AS THEY CAN , AS IF THEY ARE GOING TO TAKE IT WITH THEM ( GOOD LUCK / NAT-AL-EO YOJ GOT TO HTLP THE POOR IF YOU HAVE THEIR ( B E S T I N T E R E S T) IN YOUR HEART •
to trust in the 2 America continents are USA dollars, pound sterling and the Euro. All other currencies are too risky.