XBTO: Why We Chose Bermuda’s Regulatory Framework

Why is XBTO Regulated in Bermuda?

XBTO selected Bermuda and the Bermuda Monetary Authority (BMA) as regulatory partners due to their advanced framework for digital assets, established through the Digital Assets Business Act (DABA). This regulatory environment helps XBTO deliver the highest levels of investor protection by overseeing all aspects of our offerings, a level of supervision that is distinct in Bermuda compared to many other jurisdictions. The BMA directly oversees and supervises each product we bring to market.

Along with companies like Circle, Bittrex Global, and Apex Group, XBTO has chosen to obtain licensing in Bermuda due to the clarity provided by DABA, enacted in 2018. The DABA Act builds on Bermuda’s strong reputation, which began with the establishment of the reinsurance market over 50 years ago.

As a member of the Financial Action Task Force (FATF), Bermuda enforces globally recognized anti-money laundering (AML) and anti-terrorist financing (ATF) compliance standards, aligning with international standards observed by G20 countries and beyond.

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Who Founded Stablehouse?

Stablehouse was founded in 2019 by XBTO and Philippe Bekhazi through an ‘incubator’ program, with the platform officially launching in 2021. Stablehouse is supported by major players in the crypto-finance industry, including Dragonfly Capital, Liberty City Ventures, Coinbase Ventures, and XBTO Ventures.