Approvals deepen Payward’s established BVI presence and extend access to regulated digital asset services in the jurisdiction
Payward, a unified financial infrastructure platform and the parent company of Kraken, announced it has secured Virtual Asset Service Provider (VASP) registrations from the British Virgin Islands Financial Services Commission (BVI FSC). The approvals, granted under the BVI’s Virtual Assets Service Providers Act 2022, authorise Payward to provide regulated digital asset services to clients operating from or through the British Virgin Islands.
Read More on Fintech : Global Fintech Interview with Rob Young, Managing Director – UK at InDebted
“We are pleased to receive these approvals from the BVI FSC and look forward to continuing to work with the Commission as we build out our licensing portfolio in the jurisdiction,” said Lucien Charland, Head of Geo Expansion. “The BVI is an important part of our global regulatory strategy, and these registrations strengthen our ability to serve clients with the certainty and consistency they require.”
The BVI registrations are part of Payward’s effort to continue bolstering its regulated, on-the-ground operations across key financial centers. By connecting new markets to its core trading network, Kraken gives clients access to premium execution, deep liquidity, and a consistent standard of service worldwide. Payward currently holds more than 100 licenses and registrations worldwide, spanning Europe, the Americas, Asia-Pacific, and the Middle East.
Catch more Fintech Insights : The AI Shift in Fraud: Why Banks Need a New Playbook
[To share your insights with us, please write to psen@itechseries.com ]
