Bermuda launches Stablecoin Association
13 August 2025 Bermuda
Image: The Government of Bermuda via LinkedIn
Bermuda has established the Bermuda Stablecoin Association alongside a government-led Digital Finance Roundtable, positioning the jurisdiction as a regulatory hub for digital asset innovation and institutional adoption.
The association meeting, hosted by Apex Group and Penrose Partners, brought together founding members from global digital asset companies operating in Bermuda to establish compliance frameworks, technical standards and policy engagement priorities for stablecoin adoption across the jurisdiction.
A concurrent government-led roundtable at the Cabinet Office united the Bermuda Monetary Authority, local banking representatives and executives from global digital asset firms to discuss regulated digital assets and national adoption strategies.
“This collaboration is key to ensuring that Bermudian vendors and businesses gain access to the digital economy, empowering them to operate seamlessly within global digital markets,” says Premier David Burt. “Our ongoing efforts are preparing Bermuda to thrive in the 21st century by embracing the opportunities that digital finance offers.”
The Government of Bermuda says that the initiatives reflect Bermuda's strategy to position itself as a trusted global hub for digital finance innovation while supporting local business competitiveness and creating opportunities for future economic development.
Peter Hughes, founder and chief executive at Apex Group, and Kerem Kolcuoglu, founder and managing partner at Penrose Partners, led the association formation alongside other industry leaders operating in the jurisdiction.
For asset servicers and institutional investors, Bermuda's approach to stablecoin regulation provides a framework for digital asset adoption and according to the Government, it also maintains regulatory oversight and compliance standards.
The association meeting, hosted by Apex Group and Penrose Partners, brought together founding members from global digital asset companies operating in Bermuda to establish compliance frameworks, technical standards and policy engagement priorities for stablecoin adoption across the jurisdiction.
A concurrent government-led roundtable at the Cabinet Office united the Bermuda Monetary Authority, local banking representatives and executives from global digital asset firms to discuss regulated digital assets and national adoption strategies.
“This collaboration is key to ensuring that Bermudian vendors and businesses gain access to the digital economy, empowering them to operate seamlessly within global digital markets,” says Premier David Burt. “Our ongoing efforts are preparing Bermuda to thrive in the 21st century by embracing the opportunities that digital finance offers.”
The Government of Bermuda says that the initiatives reflect Bermuda's strategy to position itself as a trusted global hub for digital finance innovation while supporting local business competitiveness and creating opportunities for future economic development.
Peter Hughes, founder and chief executive at Apex Group, and Kerem Kolcuoglu, founder and managing partner at Penrose Partners, led the association formation alongside other industry leaders operating in the jurisdiction.
For asset servicers and institutional investors, Bermuda's approach to stablecoin regulation provides a framework for digital asset adoption and according to the Government, it also maintains regulatory oversight and compliance standards.
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