As digital assets continue to mature, the focus is shifting from regulatory frameworks themselves to the operational capability required to meet and evidence compliance. This article explores the increasingly important role of regulatory infrastructure providers — including governance, compliance, administration, and fiduciary service providers — in helping digital asset businesses demonstrate substance, oversight, and operational readiness.
Using the Cayman Islands as an example, it highlights how robust governance, financial crime controls, and risk management are becoming essential for firms seeking to operate in a more institutionalised market, where the quality of execution matters as much as regulatory clarity.