Blockchain.com Lands Cayman Custody License Amid Regulatory Expansion

Blockchain.com has secured a conditional Virtual Asset Service Provider (VASP) custody license from the Cayman Islands Monetary Authority, adding to its existing regulatory approvals in Malta and the UK. This milestone is significant for Blockchain.com, which supports over 95 million wallets and more than 43 million verified users.

The Cayman Islands license was granted to Blockchain.com (Cayman) Limited, a registered VASP on the company's official licenses page. The jurisdiction implemented its full VASP licensing regime for custody and trading activities on April 1, 2025, requiring crypto firms to obtain explicit regulatory blessing to hold customer assets or facilitate trades.

This is the third major regulatory approval for Blockchain.com, following its MiCA license in Malta and FCA registration in the UK. The company announced physical expansion in the Cayman Islands on June 25, 2026, including hiring its first on-island employee and partnering with TechCayman to establish an office.

The Cayman Islands are emerging as a hub for crypto firms, with Crypto.com also receiving a conditional CIMA VASP approval. This trend reflects a deliberate pivot toward oversight and compliance in the jurisdiction, aimed at attracting legitimate operators while filtering out firms unwilling to meet institutional standards.