06/12/24

CAREY OLSEN: Carey Olsen advises Keyex Limited on successful application for registration as a BVI VASP

Press release from Carey Olsen, Friday 6 December, 2024.

Carey Olsen's digital assets team has assisted Keyex Limited ("Keyex") on its successful application for registration as a virtual asset service provider ("VASP") under the British Virgin Islands (BVI) Virtual Assets Service Providers Act, 2022 (the "VASP Act").

Keyex provides a platform for cryptocurrency exchange including buying, storing, trading and selling digital assets. Its registration is amongst the first to be approved under the VASP Act, which aims to position the BVI as a leading jurisdiction for digital asset innovation globally.

The Carey Olsen team advising on the application comprised partner Chris Duncan, counsel Katrina Lindsay and associate Nyssa Christopher.

Chris Duncan commented: "The approval of Keyex's VASP application in the BVI is particularly significant as this is one of the first approvals to have been issued by the BVI Financial Services Commission. Carey Olsen's involvement highlights the firm's expertise in navigating the complex regulatory landscape for VASPs."

Carey Olsen's market-leading digital assets team regularly advises clients across the blockchain, digital asset and tokenisation sector. To date, the firm has advised many novel digital asset businesses, including the launch of the first Bitcoin investment fund, the first Ethereum denominated fund, the world’s first digital asset exchange traded fund, as well as ground-breaking trading platforms, decentralised finance (DeFi) protocols and decentralised autonomous organisations (DAOs).

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Carey Olsen BVI VASP BVI