Fintech incorporations reach 21 companies

Make text smaller Make text larger

  • Premier of Bermuda and Finance Minister: David Burt (Photograph by Akil Simmons)

    Premier of Bermuda and Finance Minister: David Burt (Photograph by Akil Simmons)


More than 20 fintech companies have incorporated in Bermuda, the Premier said yesterday.

David Burt, who is also Minister of Finance, provided the House with a list of 21 fintech companies.

Organisations such as Binance, Unikrn, iCash, Hub Culture, DES Digital Currency Exchange and Omega One, which were earlier announced, are included on the list. Cryptocurrency firm Arbitrade is also included, with both Arbitrade Ltd and Arbitrade Mining (Bermuda) Ltd listed.

But several unannounced companies are also included.

Mr Burt was replying to questions from Jeanne Atherden, the Leader of the Opposition.

The complete list was: Blockchain Capital Ltd; Unikrn Bermuda Ltd; Crypto Markets International Ltd; XBTO International Holding; iCash Ltd; GeoCash (Bermuda) Ltd; DES Digital Currency Exchange Ltd; Ingot Ltd; Atlantic Digital Ltd; More Ventures Ltd; Arbitrade Ltd; Leila Holdings Ltd; Binance (Bermuda) Ltd; The Handshake (Bermuda) LLC; Uulala Ltd; Omega One Bermuda Ltd; Diamond Ltd; Ledger Ventures Limited; Arbitrade Mining (Bermuda) Ltd; Hub Culture Ltd; and IMI Holdings Ltd.

Mr Burt added that 21 fintech companies have reserved their names to be incorporated in Bermuda, but that he could not identify them.

He said: “The Registrar of Companies does not allow the public to access this information as there is no guarantee that the company will be incorporated and technically the company does not exist.

“Therefore it would be inappropriate to provide the names of the relevant companies.”

Mrs Atherden also asked how many work permits the companies would require and how many jobs would be created — in total and for Bermudians.

But Dennis Lister, Speaker of the House, said it was unlikely she would get answers these questions because they were “hypothetical”.

You must be registered or signed-in to post comment or to vote.

Published Jul 28, 2018 at 8:00 am (Updated Jul 28, 2018 at 8:00 am)

Fintech incorporations reach 21 companies

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    • "What are your views on stop-and-search in today's Bermuda?"
    • Inconvenient but necessary
    • 69%
    • Wholly unproductive
    • 10%
    • Unfair targeting of young black males
    • 21%
    • Total Votes: 4697
    • Poll Archive

    Today's Obituaries

    eMoo Posts