Frequently asked question
What is VASP registration and do I need it?
Web3 & Digital Assets
The VASP framework applies to specified virtual asset services carried on as a business in or from Cayman. The required authorisation depends on the service. Virtual asset custody and trading platform services are subject to licensing requirements effective from 1 April 2025, so registration alone should not be treated as sufficient. Other activities require analysis of the registration route, exclusions and any available waiver. Investing a fund’s own assets in digital assets is distinct from providing virtual asset services to customers.
Next steps
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Related definition: Virtual Asset Service Provider.