Blockchain.com Secures VASP License in Cayman Islands

Blockchain.com expands its global footprint with a new VASP license from the Cayman Islands, targeting institutional custody and staking services.

The new authorization follows recent approval under the European MiCA framework and the company’s registration as a crypto service provider with the UK’s Financial Conduct Authority (FCA).

New License Expands Global Regulatory Strategy

The Cayman Islands Monetary Authority (CIMA) granted approval to Blockchain.com’s local entity, marking another step in the company’s strategy to broaden its regulated presence across key markets.

This license builds on a string of regulatory milestones achieved in recent months. Blockchain.com previously secured permission to operate under the European Union’s Markets in Crypto-Assets (MiCA) regulation through its base in Malta and successfully registered as a crypto business with the British FCA.

The company views these authorizations as central to its long-term strategy of providing services in jurisdictions with established regulatory frameworks specifically designed for institutional investors.

A Strategic Focus on Institutional Clients

With this new license, Blockchain.com is set to expand its suite of regulated services from the Cayman Islands, placing a primary emphasis on serving institutional clients.

The planned service offerings include:

• Regulated custody for digital assets.
• Institutional staking for Proof-of-Stake (PoS) networks.
• Crypto asset management solutions tailored for professional investors and funds.

Blockchain.com noted that demand for these services is rising as more institutions enter the digital asset space, seeking regulated providers that meet stringent security and compliance standards.

Expanding Presence in the Cayman Islands

Securing this license is part of a broader regional expansion for Blockchain.com. In June, the firm announced a partnership with TechCayman to bolster its local presence by developing technological infrastructure and hiring staff within the islands.

According to Co-CEO Lane Kasselman, the latest regulatory approval reinforces the company’s stance that clear rules and oversight are vital for the long-term growth of the digital asset industry.

This milestone arrives as crypto firms increasingly seek access to regulated markets following the implementation of MiCA in the EU and tightening oversight in other jurisdictions. For Blockchain.com, the combination of licenses from the EU, UK, and Cayman Islands enhances its ability to serve institutional clients globally and strengthens its position in the regulated crypto services sector.