The British Virgin Islands (BVI) has established itself as a global hub for tokenised finance, now representing more than 10% of the global market for tokenized US Treasuries. According to research published by BVI Finance, the distributed value of these assets through BVI structures reached $1.5 billion as of June 1, 2026. The jurisdiction is also home to 28,127 stablecoin asset holders, with a weekly transfer volume of $323.5 million — putting annualised on-chain stablecoin activity on pace to exceed $16.8 billion.
BVI’s prominence extends to tokenized securities, hosting 305 such instruments, the highest total of any jurisdiction. This growth aligns with a booming global on-chain real-world asset (RWA) market, which hit $334 billion in June 2026 (including stablecoins) and is forecast to surpass $400 billion by 2030.
The jurisdiction’s appeal stems from intentional regulatory innovation, including a tax-neutral corporate framework, the VASP Act 2022, court-recognised legal status for digital assets, and a mature professional services ecosystem. Major industry players have taken notice: Tether Holdings Limited, the company behind USDT, is incorporated in the BVI; exchange Bitfinex also maintains its corporate structure there; Binance holds a BVI-licensed arm; Kraken operates an affiliate; and in early 2026, Bitstamp by Robinhood secured its VASP registration. BVI Finance CEO Elise Donovan noted that recent U.S. legislation like the GENIUS Act and CLARITY Act, along with FSB oversight of stablecoin arrangements, are providing institutional capital the certainty needed to move at scale.
