DWF Labs said a group entity has received Virtual Asset Service Provider (VASP) approval from the British Virgin Islands Financial Services Commission (BVI FSC), under the territory’s Virtual Assets Service Providers Act 2022. The authorization permits the entity to exchange one or more forms of virtual assets and provide financial services related to an issuer’s offer or sale of a virtual asset. Institutional clients will be able to access DWF Labs’ integrated OTC trading and market making services, including spot trading in thousands of digital assets and stablecoins, through the regulated BVI entity. The company said the approval also supports its investment, incubation and ecosystem development work for token issuers and digital asset projects worldwide. The BVI represents nearly 10% of the global tokenization market for U.S. Treasuries, with $1.5 billion in distributed value, while BVI-domiciled entities facilitate more than $1.2 billion in active, circulating stablecoins. The market figures include more than 24,700 stablecoin holders and weekly transfer volumes of $694.1 million, based on rwa.xyz data. Heng Lee, Managing Director and Partner at DWF Labs, described the approval as a step toward expanding regulated services for international institutional clients and said it would support a broader range of products and services while reinforcing transparency and governance. DWF Labs said it plans to continue expanding its regulatory presence in key global markets.