Road Town, Tortola, British Virgin Islands, September 3rd, 2026 - DWF Labs said a group entity has been granted Virtual Asset Service Provider (VASP) approval by the British Virgin Islands Financial Services Commission (BVI FSC) under the BVI’s Virtual Assets Service Providers Act 2022.
The authorization registers DWF Labs as a VASP able to conduct the exchange of one or more forms of virtual assets and to participate in, and provide financial services related to, an issuer’s offer and/or sale of a virtual asset. The approval formalizes a regulated route for certain services the firm provides to institutional clients.
According to the company, the BVI registration enables institutional counterparties to access DWF Labs’ integrated over-the-counter trading and market making capabilities through a regulated BVI entity. Those capabilities include spot trading across thousands of digital assets and stablecoins, and are intended to support institutional execution needs in a regulated structure.
DWF Labs said the registration also reinforces its ability to deliver investment, incubation and ecosystem development services that support token issuers and digital asset projects on a global basis. The firm described the BVI approval as an element of its broader regulatory strategy to provide services within established frameworks.
Context on BVI market infrastructure
The company highlighted the British Virgin Islands as an active jurisdiction for decentralized ledger deployments and structured real-world asset tokenization. Citing data attributed to rwa.xyz treasuries and stablecoins, the territory is presented in the announcement as accounting for nearly 10% of the global tokenization US treasuries market, with $1.5 billion in distributed value.
The announcement further notes BVI-domiciled entities facilitate more than $1.2 billion in active, circulating stablecoins, supported by over 24,700 stablecoin asset holders and weekly transfer volumes of $694.1 million. The company framed these figures as indicative of the regulatory and market infrastructure it will operate within following registration.
Executive comment
Heng Lee, Managing Director and Partner at DWF Labs, is quoted in the release: "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."
He added: "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."
The company said it intends to continue expanding its regulatory footprint across key global markets to support international growth and to operate within robust regulatory frameworks.
About DWF Labs
DWF Labs was established in 2022 and describes itself as an investor and market maker that provides capital, liquidity, expertise, and partnerships intended to help projects scale. The firm reports being among the world’s largest high-frequency digital asset trading organizations, active on more than 80 centralized and decentralized exchanges.
According to the announcement, the firm supports over 20% of CoinMarketCap’s Top 100 projects and 35% of its Top 1,000, and has worked with more than 1,000 blockchain companies across Layer 1 and Layer 2 networks, DeFi, gaming, AI, payments, infrastructure, and tokenization.
DWF Labs organizes its activities across four business lines: Liquidity, covering institutional market making and liquidity provision; Investment and Incubation, offering strategic capital and token advisory to emerging projects; Ecosystem Development, providing go-to-market support; and OTC and Structured Markets, delivering tailored trading solutions for institutions, funds, and protocol treasuries. The announcement also notes DWF Labs founded and incubated Falcon Finance, described as a synthetic dollar and universal collateralization protocol.
The firm said it operates a globally distributed team on a continuous 24/7/365 basis. For more information, the release pointed readers to the company's website at www.dwf-labs.com and its social channels on X, LinkedIn, and Telegram. Contact details listed in the announcement included an email address: [email protected].
Note on data cited in the announcement: the territorial tokenization and stablecoin figures referenced above are attributed in the release to rwa.xyz treasuries and stablecoins.