PANews, December 3—According to Cointelegraph, the latest data shows that the number of registered foundation companies in the Cayman Islands has surged by 70% year-on-year. By the end of 2024, the number of registered companies exceeded 1,300, and over 400 new registrations have been recorded so far in 2025. These structures are increasingly being used as legal wrappers for decentralized autonomous organizations (DAOs) and serve as ecosystem stewards for major Web3 projects. According to a press release from Cayman Finance, many of the world’s largest Web3 projects are now registered in the Cayman Islands, with at least 17 foundation companies holding reserves of over $100 million each.
The surge in Web3 foundations coincides with a shift in the Cayman Islands’ regulatory policies, prompted by the implementation of the Crypto-Asset Reporting Framework (CARF) by the Organization for Economic Cooperation and Development (OECD). The Cayman Islands have enacted new Tax Information Authority Regulations to implement this framework, which will take effect on January 1, 2026.
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