Two more firms get VASP licences for digital asset businesses
RYKI and BCXPro are the two latest firms to announce they’ve been granted a licence from the Cayman Islands Monetary Authority.
RYKI, a cryptocurrency broker and custodian, was granted its conditional licence on 25 Dec. 2025, while BCXPro, which offers similar services, received its full VASP licence on 5 Feb.
The issuing of licences marks a steady progression in Cayman’s regulation of digital asset businesses. The first phase involved registration. Phase 2 focuses on licensing, and in recent months the Cayman Islands Monetary Authority has been granting those licences. There are now 18 Virtual Asset Service Providers registered with the monetary authority. For a more complete summary of the story, please see the below link:
Published on: Feb 10, 2026 03:24 PM