DWF Labs, a digital asset investor and market maker, announced it has been granted Virtual Asset Service Provider (VASP) regulatory approval by the British Virgin Islands Financial Services Commission (BVI FSC). The approval, granted under the BVI's Virtual Assets Service Providers Act 2022, authorizes the company to provide virtual asset exchange services and offer financial services related to token issuers' offerings.
The regulatory status enables institutional clients to access DWF Labs' OTC trading and market making services through a regulated BVI entity. The company offers spot trading across thousands of digital assets and stablecoins, as well as investment, incubation, and ecosystem development services for token issuers and digital asset projects.
The British Virgin Islands has emerged as a jurisdiction for blockchain deployments and real-world asset tokenization. According to market data cited by DWF Labs, the territory accounts for nearly 10% of the global tokenization US treasuries market, representing $1.5 billion in distributed value. BVI-domiciled entities also facilitate more than $1.2 billion in active circulating stablecoins, supported by over 24,700 stablecoin asset holders and weekly transfer volumes of $694.1 million.
Heng Lee, Managing Director and Partner at DWF Labs, stated: "The Virtual Asset Service Provider approval from the BVI FSC is a key step in responsibly expanding and delivering DWF Labs' regulated digital asset services to international institutional clients. As the digital asset market and industry continue to mature, this addition to our regulatory framework will enable us to deliver a broader range of solutions, products, and services, while reinforcing our focus upon transparency and governance."
DWF Labs, established in 2022, operates as a high-frequency trading organization active on more than 80 centralized and decentralized exchanges. The company has worked with over 1,000 blockchain companies and operates a globally distributed team on a 24/7 basis.
