Leading digital asset firm LTP secures VASP and SIB licenses from the British Virgin Islands Financial Services Commission (BVI FSC)

BVI has been a preferred jurisdiction for crypto firms due to its business-friendly laws. LTP’s licensing reinforces BVI’s status as a global crypto hub.

Leading digital asset firm LTP announced on Friday the successful acquisition of Virtual Asset Service Provider (VASP) and Securities Investment Business (SIB) licenses from the British Virgin Islands Financial Services Commission (BVI FSC).

BVI has emerged as a preferred jurisdiction for crypto firms due to its business-friendly laws and open attitude towards emerging technologies. These licenses will allow LTP to operate in accordance with the regulatory framework of the British Virgin Islands.

The VASP license will enable LTP to offer secure and transparent virtual asset transactions, taking into account the importance of anti-money laundering (AML) and counter-terrorism financing (CTF) compliance. Meanwhile, the SIB license will facilitate the firm’s involvement in regulated securities investment activities.

This development follows closely the news last week of LTP securing Type 1, 2, 4, 5, and 9 licenses from the Hong Kong Securities and Futures Commission (SFC) on February 19.

Big news from LTP! 🚀We’re excited to share that LTP has secured VASP and SIB licenses from the BVI Financial Services Commission (BVI FSC)!

This is a huge step forward for us as we continue building a trusted,… pic.twitter.com/DYjvOdENPj

— LTP _ Digital Asset Prime Broker (@LTP_primebroker) February 28, 2025

What the VASP and SIB Licenses Mean for LTP

The VASP license will allow LTP to facilitate virtual asset trading, custody, and exchange services. It will also ensure its compliance with AML and CTF regulations – building trust and security for institutional and retail investors.

The other SIB license will permit LTP to conduct securities investments within a legally compliant framework.

A Boost for Institutional Adoption and Global Expansion

With these licenses, LTP is poised for rapid expansion into new markets while offering institutional investors a regulated and secure environment for digital asset investments.

Industry experts see this as a positive signal for broader institutional adoption of blockchain-based financial services. The ability to provide regulated services under BVI FSC oversight adds credibility and legitimacy to LTP’s operations, encouraging more firms to explore digital assets within a compliant framework.

Since the crypto space has long struggled with regulatory uncertainty, LTP, by securing BVI FSC licenses, can set a precedent for compliance. It will further help in attracting institutional investors who seek regulated platforms, building greater trust, and a more secure trading environment.

Final Thoughts

LTP’s successful acquisition of VASP and SIB licenses marks a landmark moment for the company and the broader digital asset industry. A

s regulatory clarity becomes increasingly essential for crypto firms, securing these approvals demonstrates LTP’s commitment to long-term sustainability and investor trust.

As LTP further aims to expand its service offerings, strengthen partnerships, and enhance financial innovation, it remains at the forefront of the rapidly evolving Web3 and digital finance landscape.