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DWF Labs, an established, market-tested investor and market maker built to strengthen digital asset market infrastructure at scale, has announced an expansion of its global regulatory footprint — with a group entity granted Virtual Asset Service Provider (VASP) approval from the British Virgin Islands Financial Services Commission (BVI FSC).
What the Approval Enables
Granted under the BVI’s Virtual Assets Service Providers Act 2022, the approval authorizes DWF Labs as a registered VASP to provide the exchange of one or more forms of virtual assets, as well as to participate in and provide financial services related to an issuer’s offer and/or sale of a virtual asset.
For clients, the approval opens access to DWF Labs’ integrated OTC trading and market making capabilities — including spot trading across thousands of digital assets and stablecoins — through a regulated BVI entity. It also strengthens the company’s ability to deliver investment, incubation, and ecosystem development services to token issuers and digital asset projects globally.
 
Why the BVI
The BVI has established itself as a leading jurisdiction for decentralized ledger deployments and structured real-world asset (RWA) tokenization. The territory now accounts for nearly 10% of the global tokenized US treasuries market, with $1.5 billion in distributed value. BVI-domiciled entities also facilitate more than $1.2 billion in active, circulating stablecoins — underpinned by over 24,700 stablecoin holders and weekly transfer volumes of $694.1 million.
Together, these figures reflect the strength of both the regulatory and market infrastructure DWF Labs is now positioned to operate within.
Heng Lee, Managing Director and Partner at DWF Labs, said, “The Virtual Asset Service Provider (VASP) approval from the British Virgin Islands Financial Services Commission (BVI FSC) is a key step in responsibly expanding and delivering DWF Labs’ regulated digital asset services to international institutional clients.”
“As the digital asset market and industry continue to mature, and adoption increases, this addition to our regulatory framework will enable us to deliver a broader range of solutions, products, and services, while reinforcing our focus upon transparency and governance.”
DWF Labs will continue expanding its regulatory footprint across key global markets — reinforcing its international growth strategy and its commitment to operating within robust, well-established regulatory frameworks.
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