A delegation led by David Burt, the Premier and Minister of Finance, is to fly the Bermuda flag this week at Consensus, the world’s largest gathering of digital asset, blockchain and Web3 enthusiasts, in Austin, Texas.

Mr Burt will speak on Consensus’ main stage on Friday with Michael Casey, CoinDesk’s chief content officer, in a keynote conversation entitled “Bermuda’s Strict but Progressive Path to Crypto Hub Status”.

This will be preceded by Bermuda’s inaugural networking reception at Consensus, presented by the Bermuda Business Development Agency, in partnership with Walkers, Relm and Next Bermuda.

Mr Burt said: “I am pleased to be leading this mission to Consensus on behalf of the Government of Bermuda.

“Bermuda is leading the ‘race to top’ when it comes to providing regulatory clarity to digital asset businesses. And this week’s announcement that Coinbase, the largest crypto currency exchange in the US has received their full license from the Bermuda Monetary Authority is further proof that global companies are taking note of this.

“The Government of Bermuda looks forward to supporting the ongoing evolution of global financial services and there isn’t any better place for this to occur than here in our growing ecosystem.

“We also look forward to supporting the continued growth of our local fintech industry, with more global companies coming to our shores, creating opportunities for Bermudians to join in this exciting industry that is taking shape right here in Bermuda.”

David Hart, BDA CEO, said: “The timing of this business development mission to Consensus could not be more perfect as it comes on the heels of Coinbase’s recent announcement that it has received its full digital asset business licence from the Bermuda Monetary Authority.

“We are looking forward to connecting with many innovative companies at Consensus to share Bermuda’s attributes as a safe and secure domicile offering regulatory and legal clarity to quality fintech companies looking to set up shop in a blue-chip domicile.”

The BDA and other members of the Bermuda delegation will hold business development meetings with business leaders who have expressed an interest in joining Bermuda’s fintech ecosystem.

A Thursday Bermuda reception in Austin will feature signature Gosling’s cocktails and entertainment by Bermudian Gianluca Gibbons & Trio featuring singer and "Bel-Air" actress Simone Joy Jones.

Attendees could win a trip for two to the Bermuda Tech Summit in November, including airfare and hotel.