Blockchain.com has secured a virtual asset service provider custody license from the Cayman Islands Monetary Authority, expanding the company’s regulated crypto services in the jurisdiction.
The approval matters because custody is a core part of crypto market infrastructure, particularly for users and businesses that rely on regulated providers to hold digital assets. For Blockchain.com, the license adds another regulated market to its operating footprint.
The Cayman approval follows regulatory milestones tied to MiCA and the United Kingdom’s Financial Conduct Authority, according to the source material. Together, those approvals point to the company’s continued push to operate under formal oversight across multiple jurisdictions.
The license does not change the risks associated with digital assets, but it adds a regulatory layer around Blockchain.com’s custody offering in the Cayman Islands. For the broader crypto sector, such approvals show how major service providers are continuing to adapt to jurisdiction-by-jurisdiction licensing requirements.