Bermuda's premier and central bank CEO discuss how government and regulator collaboration enables industry innovation. The 'Triangle approach' brought Digital Bermuda dollar, Kraken/Franklin Templeton partnerships, and tokenized reinsurance to market. The regulatory philosophy: be clear on the rules, then let companies play.
Bermuda's digital finance leadership came from government and regulatory cooperation rather than deregulation. Premier E. David Burtt and Craig Swan, CEO of the Bermuda Monetary Authority, discuss their 'Triangle approach'—where the regulator, government, and industry jointly design innovation-friendly policy. Recent announcements include a private-sector Digital Bermuda dollar, Franklin Templeton and Kraken partnerships launching USDC and digital gold ETFs on Bermuda rails, and digitized reinsurance infrastructure. The regulatory stance is clear rules with minimal friction: the BMA acts as a 'good referee' that ensures companies stay within the rules but otherwise gets out of the way. Swan outlines a roadmap for AI agents, embedded DeFi, tokenization of all assets, and metaverse finance. The lesson: innovation thrives when the regulator is skilled, approachable, and stable.
