Premier touts digital finance momentum
David Burt, the Premier, highlighted Bermuda’s growing influence in the digital finance world during a featured fireside chat at Consensus 2025, one of the industry’s largest global conferences.
Speaking in Toronto, the Premier outlined Bermuda’s innovation-driven approach and regulatory progress to a crowd of blockchain and fintech leaders.
“By pairing strong legislation with industry collaboration and hands-on education, Bermuda is shaping the future of digital finance both locally and globally,” Mr Burt said.
He appeared alongside SkyBridge’s John Darsie for a wide-ranging conversation about the island’s evolving digital asset strategy.
Mr Burt shared updates from last week’s Bermuda Digital Finance Forum, including a USDC airdrop that let attendees use digital currency with local vendors, offering a real-world test of Bermuda’s regulated ecosystem.
“It is our hope that this growing momentum encourages other digital finance businesses to consider Bermuda as their jurisdiction of choice, where our advanced regulations provide a foundation for business growth,” he said.
According to government figures, eight new digital asset business licenses were recently issued, bringing Bermuda’s total to 53. These included 39 licensed digital asset companies and 14 innovative insurers.
Mr Burt also sat down for an interview with Jenn Sanasie, a senior anchor at CoinDesk, where he reflected on Bermuda’s longstanding relationship with the Consensus event. The island first introduced its Digital Asset Business Act at Consensus 2018. “Consensus has matured,” he noted, “and Bermuda has evolved alongside it.”
Outside of the main stage, Mr Burt and Jason Hayward, the Minister of Economy and Labour, met with companies including Excellar, Coinbase and Franklin Templeton. Discussions focused on Bermuda’s regulatory clarity and opportunities for collaboration.
Looking ahead, Mr Burt outlined key digital goals for Bermuda, including enabling digital payments for government services, expanding digital IDs, and incorporating artificial intelligence into financial services regulation.