Cayman Islands Monetary Authority

EBC Financial Group (Cayman) Limited Granted Full Regulatory Licence from the Cayman Islands Monetary Authority (CIMA)

Retrieved on: 
Thursday, March 28, 2024
Financial Conduct Authority, ASIC, Environment, CASS, EBC, FCA, SIB, CIMA, Cayman Islands Monetary Authority, Investment, Proprietary company, Cayman, Barclays

HONG KONG, March 28, 2024 (GLOBE NEWSWIRE) -- EBC Financial Group (EBC Group or EBC) is pleased to announce that its Cayman Islands subsidiary, EBC Financial Group (Cayman) Limited, has been awarded a full Cayman Islands Monetary Authority (CIMA) licence.

Key Points: 
  • HONG KONG, March 28, 2024 (GLOBE NEWSWIRE) -- EBC Financial Group (EBC Group or EBC) is pleased to announce that its Cayman Islands subsidiary, EBC Financial Group (Cayman) Limited, has been awarded a full Cayman Islands Monetary Authority (CIMA) licence.
  • EBC Group, having undergone stringent scrutiny, secured a full regulatory licence, granting EBC Financial Group (Cayman) Limited comprehensive permissions in dealing, arranging, managing, and advising, all under CIMA's strictest regulations, including the Securities Investment Business (SIB) framework.
  • Before receiving the full regulatory licence from CIMA, EBC held two top global regulatory licences: EBC Financial Group (UK) Ltd is authorized and regulated by the UK's Financial Conduct Authority (FCA); EBC Financial Group (Australia) Pty Ltd is authorized and regulated by the Australian Securities and Investments Commission (ASIC).
  • Consistent with EBC Financial Group (UK) Limited's strict adherence to the FCA's CASS rules, EBC Financial Group (Cayman) Limited rigorously complies with CIMA's client fund protection regulations.

GAIM Ops Cayman Explores the State of Alternative Investment Operations with Top Government Officials, Regulatory Agencies, Legal, Fintech and Financial Firm Leaders

Retrieved on: 
Monday, March 4, 2024
The Ritz-Carlton Hotel Company, OBE, Investment management, Commerce, Private sector, AUA, CIMA, Red flag, Business, European, BlackRock, Federal, MP, Pension, Financial Times, State, Civil aviation authority, Cayman Islands Monetary Authority, FBI, Liquor Licensing Board, Investment, Financial services, AI, NFA, NAV, Local, Cayman Islands Stock Exchange, GAIM, Parliament, Justice

GRAND CAYMAN, Cayman Islands, March 4, 2024 /PRNewswire/ -- More than 700 c-suite executives, managing directors, top government officials and senior professionals shaping the alternative investment operations are expected at this year's GAIM Ops Cayman in Grand Cayman to discuss operations, legal issues, security, AI, tech, and due diligence. The curated agenda features keynote speakers and panellists covering timely issues. GAIM Ops Cayman offers a networking app that allows attendees to connect before, during and after the event.

Key Points: 
  • GAIM Ops Cayman offers a networking app that allows attendees to connect before, during and after the event.
  • The Deputy Premier and Minister of Financial Services, André Ebanks is scheduled to deliver the official welcome on April 15th.
  • Minister Ebanks, MP, was given ministerial responsibilities for financial services and commerce following his election to the Cayman Islands House of Parliament in April 2021.
  • "The alternative investment industry continues to evolve and GAIM Ops Cayman is the best place to discuss the future with private capital firms, hedge funds and investors."

Tenet Bank Launches from the Cayman Islands to Serve the Global Technology Economy

Retrieved on: 
Monday, October 23, 2023
Banking, Professional Services, Financial management, Cayman Islands, Internet, Cayman Islands Monetary Authority, Tenet, Bank, Research, API, Cryptocurrency

Tenet Bank Ltd. (“Tenet”), a global bank engineered for the modern innovation economy, is excited to announce its soft launch today.

Key Points: 
  • Tenet Bank Ltd. (“Tenet”), a global bank engineered for the modern innovation economy, is excited to announce its soft launch today.
  • Licensed by the Cayman Islands Monetary Authority, Tenet will adhere to the Cayman Islands’ robust banking regulations that have established it as a highly regarded international financial centre.
  • Tenet features proprietary state-of-the-art software, technology sector expertise, white glove service, and a premier banking location to help clients efficiently manage and move capital across the world.
  • Following several years of rigorous product development, co-founders Brian Tang and Brandon Caruana are pleased to bring Tenet’s offering to the global technology ecosystem.

Metrics Ventures Launches $30 Million Data and Fundamental-Driven Digital Asset Secondary Liquid Fund

Retrieved on: 
Thursday, September 28, 2023
Cayman Islands Monetary Authority, Marketing, Learning, Cayman Islands, Philosophy, Trust, Data analysis, Research, Ruby, Metric, CIMA, Cryptocurrency

George town, Cayman Islands--(Newsfile Corp. - September 28, 2023) - Metrics Ventures is pleased to introduce its data and fundamental-driven digital asset secondary liquid compliance fund.

Key Points: 
  • George town, Cayman Islands--(Newsfile Corp. - September 28, 2023) - Metrics Ventures is pleased to introduce its data and fundamental-driven digital asset secondary liquid compliance fund.
  • Demonstrating its unwavering commitment to value and long-term investment principles, Metrics Ventures remains steadfast in its dedication to fundamental analysis.
  • As a testament to its commitment to excellence, Metrics Ventures has obtained a mutual fund license in the Cayman Islands, a jurisdiction renowned for its robust regulatory framework.
  • Metrics Ventures is recognized for its ability to provide a wide range of resources to the projects it invests in.

Mauve, the First VASP-Registered, Non-Custodial Exchange Built for Compliant and Real World Assets, Goes Live.

Retrieved on: 
Thursday, September 14, 2023
Cayman Islands Monetary Authority, Treasury, RWA, USDC, Decentralized finance, General partnership, Cayman Islands, AML, Fiat, DEX, Coinbase, Circle, Automation, Cryptocurrency, Violet, Mauve

Mauve targets asset issuers that require compliance guarantees and controls, enabling secondary markets for on-chain Real World Assets, such as fixed income, Stablecoins, and more. It ushers in the age of on-chain finance.

Key Points: 
  • Georgetown, Cayman Islands--(Newsfile Corp. - September 14, 2023) - Today, Mauve , the first fully compliant non-custodial Exchange (DEX), has officially gone live.
  • It introduces a unique platform designed for trading Compliant and Real World Assets, prioritizing both trustless transactions and adherence to regulations.
  • Mauve is the only non-custodial exchange that has been approved as a Virtual Asset Service Provider by the Cayman Islands Monetary Authority.
  • For instance, Mauve will offer Coinbase's cbETH and Alluvial's lsETH, two liquid staking tokens that are fully AML compliant.

Crypto.com Obtains Major Payment Institution Licence from Monetary Authority of Singapore

Retrieved on: 
Thursday, June 1, 2023
Crypto.com, Cayman Islands Monetary Authority, AUSTRAC, Money, Australian Financial Services Licence, Blockchain, Australian Securities & Investments Commission, CFTC, Hellenic Capital Market Commission, Web3, ASIC, Investment, Ontario Securities Commission, VARA, MPI, DASP, DCMS, MAS, Monetary Authority of Singapore, DCO, Securities and Exchange Commission of Pakistan, Electronic, Cayman Islands, Australian Securities and Investments Commission v Rich, FCA, AMF, MVP, Commodity Futures Trading Commission, Security (finance), Organismo Nacional de Administración de Bienes, DPT, UK, Safety, Cryptocurrency, OAM

SINGAPORE, June 1, 2023 /PRNewswire/ -- Crypto.com announced today that it has received its Major Payment Institution (MPI) licence for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS). This announcement follows Crypto.com receiving its in-principle approval from MAS in June 2022. With this licence, Crypto.com can continue to extend its Digital Payment Token (DPT) services to customers in Singapore.

Key Points: 
  • SINGAPORE, June 1, 2023 /PRNewswire/ -- Crypto.com announced today that it has received its Major Payment Institution (MPI) licence for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS).
  • With this licence, Crypto.com can continue to extend its Digital Payment Token (DPT) services to customers in Singapore.
  • "The Monetary Authority of Singapore is recognized globally as a regulator that ensures responsible innovation of the digital assets sector," said Kris Marszalek, CEO of Crypto.com.
  • "The Major Payment Institution licence underscores our ongoing commitment to build with the Web3 community in Singapore."

Crypto.com Obtains Major Payment Institution Licence from Monetary Authority of Singapore

Retrieved on: 
Thursday, June 1, 2023
Crypto.com, Cayman Islands Monetary Authority, AUSTRAC, Money, Australian Financial Services Licence, Blockchain, Australian Securities & Investments Commission, CFTC, Hellenic Capital Market Commission, Web3, ASIC, Investment, Ontario Securities Commission, VARA, MPI, DASP, DCMS, MAS, Monetary Authority of Singapore, DCO, Securities and Exchange Commission of Pakistan, Electronic, Cayman Islands, Australian Securities and Investments Commission v Rich, FCA, AMF, MVP, Commodity Futures Trading Commission, Security (finance), Organismo Nacional de Administración de Bienes, DPT, UK, Safety, Cryptocurrency, OAM

SINGAPORE, June 1, 2023 /PRNewswire/ -- Crypto.com announced today that it has received its Major Payment Institution (MPI) licence for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS). This announcement follows Crypto.com receiving its in-principle approval from MAS in June 2022. With this licence, Crypto.com can continue to extend its Digital Payment Token (DPT) services to customers in Singapore.

Key Points: 
  • SINGAPORE, June 1, 2023 /PRNewswire/ -- Crypto.com announced today that it has received its Major Payment Institution (MPI) licence for Digital Payment Token (DPT) services from the Monetary Authority of Singapore (MAS).
  • With this licence, Crypto.com can continue to extend its Digital Payment Token (DPT) services to customers in Singapore.
  • "The Monetary Authority of Singapore is recognized globally as a regulator that ensures responsible innovation of the digital assets sector," said Kris Marszalek, CEO of Crypto.com.
  • "The Major Payment Institution licence underscores our ongoing commitment to build with the Web3 community in Singapore."

Ledn Receives Regulatory Approval in the Cayman Islands

Retrieved on: 
Tuesday, May 9, 2023
Bitcoin, Cayman Islands Monetary Authority, Cayman Islands, VASP, News, Social media, CIMA, Cryptocurrency

TORONTO, May 9, 2023 /PRNewswire/ - Ledn Inc. ("Ledn"), a global financial services provider for digital assets, has announced that it has received registration and regulatory approval as a Virtual Asset Service Provider (VASP) from the Cayman Islands Monetary Authority (CIMA).

Key Points: 
  • TORONTO, May 9, 2023 /PRNewswire/ - Ledn Inc. ("Ledn"), a global financial services provider for digital assets, has announced that it has received registration and regulatory approval as a Virtual Asset Service Provider (VASP) from the Cayman Islands Monetary Authority (CIMA).
  • The company, which offers a range of digital asset financial products and services, including Bitcoin-backed loans and digital asset savings accounts, will soon service its global client base through its regulated VASP subsidiary under the supervision of CIMA.
  • "We are very pleased to have obtained regulatory approval in a well-respected international financial services hub," said Adam Reeds, Ledn's co-founder and CEO, "which is further testament to what we have been carefully building at Ledn, especially during a period when many of our industry peers are faltering."
  • Kenneth Ng, Chief Legal Officer at Ledn, stated that the approval is "a sign of our dedication to building a world-class financial technology company that prioritizes the needs of our clients while meeting the highest standards of regulatory compliance."

Ledn Receives Regulatory Approval in the Cayman Islands

Retrieved on: 
Tuesday, May 9, 2023
Bitcoin, Cayman Islands Monetary Authority, Cayman Islands, VASP, News, Social media, CIMA, Cryptocurrency

TORONTO, May 9, 2023 /PRNewswire/ -- Ledn Inc. ("Ledn"), a global financial services provider for digital assets, has announced that it has received registration and regulatory approval as a Virtual Asset Service Provider (VASP) from the Cayman Islands Monetary Authority (CIMA).

Key Points: 
  • TORONTO, May 9, 2023 /PRNewswire/ -- Ledn Inc. ("Ledn"), a global financial services provider for digital assets, has announced that it has received registration and regulatory approval as a Virtual Asset Service Provider (VASP) from the Cayman Islands Monetary Authority (CIMA).
  • The company, which offers a range of digital asset financial products and services, including Bitcoin-backed loans and digital asset savings accounts, will soon service its global client base through its regulated VASP subsidiary under the supervision of CIMA.
  • "We are very pleased to have obtained regulatory approval in a well-respected international financial services hub," said Adam Reeds, Ledn's co-founder and CEO, "which is further testament to what we have been carefully building at Ledn, especially during a period when many of our industry peers are faltering."
  • Kenneth Ng, Chief Legal Officer at Ledn, stated that the approval is "a sign of our dedication to building a world-class financial technology company that prioritizes the needs of our clients while meeting the highest standards of regulatory compliance."

New Collateralized Reinsurance Company, Northern Re, Announces Launch with $25M in Committed Capital

Retrieved on: 
Tuesday, April 18, 2023
Cayman Islands Monetary Authority, Mpumalanga Tourism and Parks Agency, Growth, ILS, Multimedia, Financial services, Insurance

NEW YORK, April 18, 2023 /PRNewswire/ -- Northern Reinsurance SPC, Ltd. ("Northern Re"), a Cayman Islands-based reinsurance company, announced that it launched on January 1, 2023.

Key Points: 
  • NEW YORK, April 18, 2023 /PRNewswire/ -- Northern Reinsurance SPC, Ltd. ("Northern Re"), a Cayman Islands-based reinsurance company, announced that it launched on January 1, 2023.
  • This tranche of capital comes as the first of a multi-phase process through which Northern will facilitate its growth.
  • New collateralized reinsurance company, Northern Re, launches with $25M to build a modern reinsurance company.
  • The core focus of Northern Re will be on high-frequency, low-severity risks that represent highly modeled and steady returns to capital partners.