Bermuda’s Industry Body for Stablecoins
A non-profit association supporting the growth of stablecoins in Bermuda and around the world.
About the BSA
The Bermuda Stablecoin Association (BSA) is a non-profit, industry-led association. It works with government and the Bermuda Monetary Authority to respond to regulatory consultations, develop technical standards and test how stablecoins can be used in Bermuda’s economy, including in reinsurance. It also explains stablecoins to businesses and the public, and builds ties with industry bodies outside Bermuda.
“What distinguishes Bermuda is the collaboration between government, regulator and industry.”
Founding Members
Founding members come from banking, insurance, law, payments and digital asset infrastructure.
Why Bermuda
Bermuda regulated digital asset businesses early and has refined its rules with industry every year since. Government, regulator and industry work closely together, and the BSA is how industry takes part.
- 8
- Years of digital asset expertise since the Digital Asset Business Act (DABA) of 2018.
- 65
- Licensed DABA or innovative insurer entities as of October 2026.
- $2.1T
- In total assets held by Bermuda’s insurance and reinsurance sector.
Committees
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01
Policy & Government Engagement
Represents members in discussions with the Government of Bermuda and the BMA.
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02
Legal & Regulatory
Reviews legal frameworks, prepares consultation responses and develops compliance practice.
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03
Use Cases & Market Development
Tests how stablecoins can be used in Bermuda’s economy. Includes a sub-committee on reinsurance.
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04
Technical Standards & Infrastructure
Develops standards for reserve verification, custody and interoperability.
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05
Public Education & Adoption
Explains stablecoins to Bermuda businesses and the public, and supports adoption by small businesses.
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06
Ecosystem Partnerships & Membership
Recruits members and builds ties with industry bodies outside Bermuda.
Committee work reflects discussion among members. It does not represent the views of any individual member.
Media
Request to Join
Membership is open to organisations working in, or planning to work in, Bermuda’s digital asset and financial services sectors. Tell us about your organisation and the BSA team will be in touch.
