Jurisdictions
Regions
Industry Sectors
29/09/22
From Features
Bahamas Report 2022
The Bahamas
Fearless But Pragmatic Evolution Financial Centre
Dr. Tanya C McCartney
CEO and Executive Director, Bahamas Financial Services Board
The world is emerging from a challenging period. The global pandemic dealt a harsh blow to tourism-dependent economies like The Bahamas', and many questioned whether there would be a domino effect throughout other industries.
While many industries were impacted, financial services, as our second largest industry, proved resilient throughout the pandemic, staying steady in rapidly changing circumstances affected by changes in service delivery channels and the ongoing transformation of the regulatory landscape. Today, we remain a major global destination for wealth management.
On a per-capita basis, no other country can match the level of expertise teeming within our borders. We have an entire cadre of legal, accountancy, trust, banking, and insurance professionals working with and for financial services firms of all sizes and specialisations in the planning, creating and managing of our world-class offerings. Our in-country expertise is a major driving force behind our success, serving as the springboard that propels our financial services sector through the best and worst times.
Currency Evolves In The Bahamas – A Story Of Innovation
All financial jurisdictions must evolve or die. The world is changing swiftly and it is almost essen…
Tokenisation
The Future Of Entrepreneurial Finance
As early as the 2000s, entrepreneurs have sought innovative and dynamic methods of raising capital from the public. We have seen this evident in the surge of crowdfunding platforms attracting professional and retail investors that have been at the centre of digital transformation.
At the height of the emergence of digital transformation having an incredulous impact on entrepreneurship financing, tokens have emerged allowing entrepreneurs to receive capital easily, quickly, and efficiently.
Entrepreneurs are able to raise capital by issuing tokens to token holders in a similar way as a company would issue shares to its investors, in exchange for consideration (the token price). While tokens customarily are not representative of actual ownership in a company, token holders often seek to acquire tokens in anticipation of such tokens increasing in value post their acquisition, and later being sold on a secondary market.
