According to Crowdfund Insider, Cayman Finance, the Cayman Islands financial industry association, said that since the Cayman Islands implemented a tokenized fund regulatory framework in March this year, 12 tokenized funds have been registered with the Cayman Islands Monetary Authority (CIMA). Over the same period, the total number of registered funds in the Cayman Islands rose to more than 31,100, reaching a record high. Cayman Finance said the relevant legal amendments removed the dual-licensing risk faced by tokenized funds and helped drive institutional adoption. Cayman remains the world’s largest tax-neutral fund jurisdiction, with assets under management of approximately $16 trillion.

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