Blockchain Technology: Strategic Aspects of Virtual Assets in the Cayman Islands

Summary

This practice note discusses reasons why the Cayman Islands is an attractive jurisdiction for companies operating in the blockchain industry, the key blockchain issues arising in the Cayman Islands, and how practitioners and stakeholders are able to utilize this jurisdiction to mitigate risk when structuring business operations, issuing digital assets (e.g., cryptographic tokens, non-fungible tokens (NFTs), etc.), and/or facilitating digital transactions. This note also details unique aspects of corporation formation for entities that conduct businesses with digital assets and the regulatory standards they are subjected to.