Fintech and crypto in the Cayman Islands: an offshore alternative

The Cayman Islands Government has introduced a bespoke legislative regime to attract cryptoasset and other fintech businesses to its shores, writes Ian Mason.

Ian Mason is a partner in the Regulatory and Risk Advisory Group at Walkers, Cayman Islands office. Contact him on ian.mason@walkersglobal.com.

The Cayman Islands has long been a leading offshore jurisdiction for investment funds, as well as a significant global financial centre overall. It is therefore not surprising that, reflecting global trends, the fintech market has been developing rapidly in the Cayman Islands, as the Government has sought to attract new business.