David Burt, the Premier and Minister of Finance, headed a business development delegation to New York City to promote the island as a prime location for digital assets and environmental, social and governance funds.

While in New York, Mr Burt was attending the Alternate Investment Management Association’s Digital Asset Conference.

The Government aims to promote Bermuda’s digital asset business and capture the attention of capital and asset managers in New York City.

Mr Burt said: “Bermuda has established itself as a pioneer in the digital asset space as we were one of the first jurisdictions worldwide to introduce a framework that allows for regulated digital asset business.

“This has placed us at the forefront of innovation as digital finance develops and becomes more integral to the global economy. We recognise that some of the largest financial services companies in the world are establishing digital asset strategies and delving deeper into digital finance.

“We aim to inform them of the stable, collaborative, well-regulated environment that Bermuda provides.”

He added that after a seven year journey into the digital assets space, Bermuda had seen results.

He said: “Bermuda has a growing fintech sector and is home to over 30 licensed companies, including global leaders like Coinbase, Circle, XBTO and Relm.

“These companies and others, and the growth of the fintech industry, have provided jobs, further diversified our economy and symbolise confidence in what Bermuda offers to the global market.

“It is vital that Bermuda attends high-level conferences like the Aima Digital Asset Conference to tell our story on the international stage and continually showcase what sets us apart from other jurisdictions in the region and globally so that we continue to attract high-quality companies to our shores.”

Mr Burt’s itinerary included a fireside chat at the Aima Conference with John D’Agostino, cofounder of the Aima Digital Asset Work Group, looking at why Bermuda is the choice jurisdiction for digital asset funds.

Bermuda Monetary Authority and Bermuda Business Development Agency representatives joined the Premier, who is due to return on Friday.