A dedicated digital-asset licensing framework under the BMA. This page sets out the authorisations a stablecoin business needs in Bermuda, who grants each one and what it covers, alongside how many companies hold them today. The figures come from the registers Anvesan reads and are updated as those registers change.
These 53 authorisations belong to 48 companies. The company-level records are in Atlas Pro.
What those authorisations permit
Scope not stated in the licence53
One authorisation can cover several activities, so these figures overlap.
The licences: who grants them, how long, what they cost
The statutory clock is the formal decision period, where the regulator publishes one. “Observed” is the real-world timeline reported by applicants, not a figure the regulator sets. Capital is the regulatory minimum, not legal or advisory fees. Where a figure is not yet available, we show “Unavailable”; where one exists but Anvesan has not verified it, we show “Not sourced”.
The Atlas column maps a licence to a tracked licence family only where the two are the same thing. Where they are not, it reads Not mapped, and the family counts are in Authorisations by licence above.
Bermuda DABA digital asset licence
53 in the Atlas
Who grants it
Bermuda Monetary Authority (BMA)
What triggers it
Not sourced
Legal basis
Not sourced
Statutory clockNot published
The Digital Asset Business Act does not publish a decision deadline. The Bermuda Monetary Authority's Assessment and Licensing Committee gives an initial decision in about four to six weeks of a complete application. Anvesan has not established a statutory deadline, so we do not infer one.
What it takes in practice3 to 6 months
End to end, including pre-application preparation, document compilation and the Authority's queries.
Minimum net assetsfor a Class M or Class F licence
US$100,000
The Authority may set a higher figure against the applicant's risk profile, client money exposure, operational complexity and leverage. A Class F licence does not expire but is supervised continuously.
Application fee Not sourced. The Bermuda Monetary Authority publishes its fee schedule by licence class in its annual fee order, which Anvesan has not yet read.
Companies in the free Atlas
19 of the 48 companies with an authorisation in Bermuda are in the free Atlas.
Regulatory changes only: what is being decided, by whom, and when. Company-level licence changes are tracked in Atlas Pro. Reviewed 10 September 2026.
Recently landed
Opened 9 April 2026Consultation open
The BMA's consultation on asset tokenisation
The Bermuda Monetary Authority issued a consultation paper on asset tokenisation on 9 April 2026, aimed at tokenised assets within the existing framework rather than a new regime. A separate consultation covers a Payment Services Act for digital wallet, payment handling and payment technology providers.
What changes Bermuda is extending what the Digital Asset Business Act already covers rather than writing a second licence. A tokenisation business would fall under the licence classes on this page.
Bermuda Monetary Authority, consultation on asset tokenisation
Questions this page answers
How many companies hold a stablecoin-related licence in Bermuda?
Atlas tracks 53 authorisations across 48 companies in Bermuda, read from official registers and checked on 2 November 2026. Of those, 43 are licensed, 0 are in the pipeline, and 10 have ended.
Who regulates stablecoins in Bermuda?
Bermuda Monetary Authority (BMA).
What licence does a stablecoin business need in Bermuda?
This page lists one authorisation, with the regulator that grants it and what triggers the requirement.
How long does a licence take in Bermuda, and what capital does it need?
It depends which authorisation. The licence table carries the statutory decision period where a law sets one, the timeline applicants report in practice, and the minimum capital for each. Where a regime is not yet in force, we show “Unavailable”.
How these numbers are made
Registers read
The official registers used for this regime, named in the Registers read line. Where a public register does not provide a record, the source is identified separately.
Cadence
Checked daily. Changes are recorded when they appear in the register, together with the date they were seen. Last checked 2 November 2026.
Licence detail reviewed
10 September 2026. Counts are refreshed daily. Licence terms, timelines and capital thresholds are reviewed separately because they come from the underlying rules rather than the register.
Known gap
“Unavailable” means the figure does not yet exist or has not been published. “Not sourced” means the figure exists but Anvesan has not yet verified it. Neither is estimated.