DWF Labs announced on September 3, 2026 that a group entity has been granted Virtual Asset Service Provider (VASP) regulatory approval by the British Virgin Islands Financial Services Commission (BVI FSC). The approval was issued under the BVI’s Virtual Assets Service Providers Act 2022 and authorizes DWF Labs to provide exchange services for one or more forms of virtual assets, as well as to participate in and provide financial services related to an issuer’s offer or sale of a virtual asset.
The regulated BVI entity will give institutional clients access to DWF Labs’ integrated OTC trading and market making capabilities, including spot trading across thousands of digital assets and stablecoins. The company said the approval also strengthens its ability to deliver investment, incubation and ecosystem development services to token issuers and digital asset projects globally.
DWF Labs highlighted the BVI's growing role in digital asset infrastructure, noting the territory represents nearly 10% of the global tokenization market for US treasuries, with $1.5 billion in distributed value. BVI-domiciled entities also facilitate more than $1.2 billion in active, circulating stablecoins, supported by more than 24,700 stablecoin asset holders and weekly transfer volumes of $694.1 million, according to rwa.xyz treasuries and stablecoins data.
“The Virtual Asset Service Provider (VASP) approval from the British Virgin Islands Financial Services Commission (BVI FSC) is a key step in responsibly expanding and delivering DWF Labs’ regulated digital asset services to international institutional clients,” said Heng Lee, Managing Director and Partner at DWF Labs. He added that the approval will enable a broader range of solutions, products and services while reinforcing the firm’s focus on transparency and governance.
DWF Labs, established in 2022, is active on more than 80 centralized and decentralized exchanges and says it supports over 20% of CoinMarketCap’s Top 100 projects and 35% of its Top 1,000. The firm has worked with more than 1,000 blockchain companies across Layer 1 and Layer 2 networks, DeFi, gaming, AI, payments, infrastructure and tokenization.
