The British Virgin Islands ( BVI ) has cemented its position as one of the world’s leading jurisdictions for digital assets and tokenized finance, accounting for over 10% of the global market for US tokenized treasuries and US$1.2 billion of stablecoins, a new study finds.

As of June 1st, the distributed value of US tokenized treasuries in the BVI reached US$1.5 billion. In practical terms, one in every US$10 of tokenized US treasuries distributed worldwide is now represented through BVI structures.

The BVI also leads globally by the number of tokenized securities, hosting 305 – the highest total of any jurisdiction, according to new research published by BVI Finance.

The findings also highlight the strength of the BVI’s stablecoin system. The BVI is home to more than 28,000 stablecoin asset holders, while current transfer volumes hit US$323.5 million weekly. On this current trajectory, annualized on-chain stablecoin activity could reach more than US$16.8 billion.

These numbers position the BVI at the centre of a rapidly expanding market for tokenized real-world assets ( RWAs ), which is transforming how financial assets are owned, transferred and settled.

As of June, the global on-chain RWA market has reached US$334 billion, and is forecast to exceed US$400 billion by 2030.

Regulatory innovation

The jurisdiction’s emergence as a leading destination for digital asset businesses is the outcome of intentional regulatory innovation, says BVI Finance.

Its tax-neutral corporate framework, bespoke VASP Act 2022, court-recognized legal status for digital assets, and established professional services ecosystem make it structurally suited to serve institutional-grade tokenized structures, according to the report.

The findings are also reinforced by the calibre of business that has chosen the BVI as its corporate home. Tether Holdings, the BVI-incorporated parent behind USDT and the world's largest stablecoin, was founded within the BVI's corporate framework. Bitfinex, one of the world's largest crypto exchanges and closely affiliated with the Tether group through parent company iFinex, also maintains its corporate structure in the BVI.

Binance holds a BVI-licensed arm, and Kraken operates a BVI affiliate in Payward Trading. Most recently, Bitstamp by Robinhood secured its VASP ( virtual asset service provider ) registration in the BVI in early 2026, reflecting the jurisdiction's continued appeal to institutional-grade digital asset platforms seeking a credible regulatory home for their international operations.

BVI Finance chief executive officer Elise Donovan comments: “The global financial system is undergoing a structural shift. The digitization of real-world assets is reshaping how capital is owned, transferred, and settled. What our research makes clear is that this transition is no longer on the horizon. It is happening now, and at scale.

“Recent regulatory developments are supercharging that momentum. The Genius Act and the Clarity Act in the United States, combined with the [Financial Stability Board’s] push for consistent oversight of global stablecoin arrangements, have fundamentally changed the landscape. Regulation is not slowing the market down, but instead giving institutional capital the certainty it needs to move in at scale.”