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Organizers of the Maritime FinTech Conference plan to create the Caribbean Digital Assets Alliance

2026-08-20 00:58:28
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In two years, BVI Finance's "Beach FinTech" has grown from a first-time experiment to a sold-out private island summit that has attracted regulators from the Caribbean and beyond. Now, its organizers have a bigger goal: to make The British Virgin Islands the core platform for coordinating the future of digital assets across the region.

Lizzie Barahona, a lawyer practicing at BVI, co-chair of the conference steering committee and a member of the region's virtual assets advisory committee, and Ayana Hull, head of regulation and financial services at BVI Maples Group and a member of the steering committee, participated in a roundtable discussion to discuss the future of this annual event. In their view, the meeting reflected the growth trajectory of the entire region. The first step is to build credibility, then become a meeting point for regulators and industry leaders, and finally transform it into a Caribbean Community.

"We understand that we are all competing with each other, but we should also work together to move our region further onto the global stage." Hull said.

How the conference grows and grows

The first year is about laying a solid foundation. "The first session is more like laying the foundation, that's where the journey starts." Barahona explained.

In the second year, we focused on tracking major trends in the industry. Institutional adoption, industry and regulatory collaboration, and artificial intelligence have become major topics. The Prime Minister of the region, The Honourable Natalio Wheatley, and the Honourable Lorna Smith, Minister of Financial Services, were present at the meeting. "This year we looked at trends, which are what's happening right now: artificial intelligence, agent technology." Barahona said.

Regulators gather at BVI

This year, regulators from other jurisdictions gathered on Neckar Island to exchange experiences. "We are fortunate to have invited regulators from other jurisdictions. They shared what they were doing, how we could improve, and how to integrate the Caribbean-something that was highly praised by listeners." Barahona said.

Speakers from the United States, Bermuda, Bahamas and other places proved that this is becoming an important hub for such conversations. "We invited regulators in Bermuda, regulators in Bahamas, and the stablecoin Committee in Wyoming." Hull mentioned.

Although the U.S. GENIUS Act and CLARITY Act do not govern BVI products, they can significantly affect the views of investors and service providers on BVI products. The region can maintain its edge only by ensuring that its products meet global standards. "It will still affect how investors view our products and what types of service providers will accept BVI funds." Hull said.

Year 3: Building the Caribbean Community

Offshore centers have been competing with each other in terms of speed and cost for decades. And the BVI is betting that its "convening power" can serve as a moat for the region, much as the European Union today-one of the world's most important economic unions.

According to Hull and Barahona, if the region's digital asset dialogue can take place on the BVI's soil, the BVI will have an important say in setting the agenda. Because of this, they are inviting competitors to join next year's event. "We hope to further expand next year. We should build a Caribbean ecosystem." Hull explained.

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