Payward Builds Out Global Regulatory Network with BVI Approval

Kraken's parent company, Payward, has secured Virtual Asset Service Provider registrations from the British Virgin Islands Financial Services Commission. This approval is part of a broader strategy that has transformed Kraken into a global financial infrastructure group.

The BVI registration allows Payward to provide regulated virtual asset services under the British Virgin Islands' Virtual Assets Service Providers Act, which governs activities including crypto exchange services, custody, transfers, and other digital asset operations.

Lucien Charland, Head of Geo Expansion at Payward, commented that the company is 'pleased to receive these approvals from the BVI FSC and look forward to continuing to work with the Commission as we build out our licensing portfolio in the jurisdiction.'

Prior to this approval, Kraken had assembled one of the most extensive collections of regulatory approvals in the crypto sector. The company now holds more than 100 licenses and registrations globally, spanning Europe, North America, the Middle East, Asia-Pacific, and offshore financial centers.