BERMUDA MINISTRY OF FINANCE APPROVES VELOCITY LEDGER ICO

Last updated: June 19, 2025, 22:24 | Written by: Arthur Hayes

In a significant move signaling its progressive stance on digital assets, the Bermuda Ministry of Finance has officially approved the Initial Coin Offering (ICO) of Velocity Ledger Holdings Limited (VLHL). The Bermuda Ministry of Finance has approved the initial coin offering of trading company Velocity Ledger Holdings Limited (VLHL), according to a press release published on April 10. VLHL s subsidiary VL Financial is now in the application process with the Bermuda Monetary Authority (BMA) to obtain the relevant licenses to operate.This announcement, made public on April 10th, 2025, marks a pivotal moment for both VLHL and Bermuda’s burgeoning cryptocurrency ecosystem.The approval underscores Bermuda's commitment to fostering innovation in the digital finance sector while maintaining a robust regulatory framework. www.pharosproduction.com Bermuda Ministry Of Finance Approves Velocity Ledger ICO The Bermuda Ministry of Finance has approved the initial coin offering (ICO) of trading company Velocity LedgerThis decision positions Bermuda as a frontrunner in attracting innovative fintech companies and solidifies its reputation as a jurisdiction receptive to the transformative potential of blockchain technology and digital assets.

VLHL, a Software as a Service (SaaS) company based in Hamilton, Bermuda, will leverage the funds raised through the ICO to support the operations of its two key subsidiaries: VL Financial and Velocity Ledger Technology Limited (VL Tech).The approval follows the stringent guidelines laid out in Bermuda’s Companies Act of 2025, demonstrating VLHL's commitment to compliance and regulatory adherence. Velocity Ledger Holdings Limited, a Software as a Service (SaaS) company based in Hamilton, has been approved by the Ministry of Finance to launch the tokensale, the company said in a press release.This landmark approval from the Bermuda Ministry of Finance is not just a win for VLHL, but a testament to Bermuda’s ambition to become a leading hub for digital asset innovation, attracting global investment and fostering economic growth within the island nation.

Velocity Ledger: A Deep Dive into VLHL and its Subsidiaries

Velocity Ledger Holdings Limited (VLHL) is at the heart of this exciting development.Understanding VLHL's structure and its subsidiaries is crucial to grasping the full impact of this ICO approval.VLHL functions as the parent company, overseeing the strategic direction and operational efficiency of its two vital subsidiaries.

VL Financial: Paving the Way for Digital Asset Exchange

VL Financial represents VLHL's foray into the world of digital asset exchange.Currently undergoing the application process with the Bermuda Monetary Authority (BMA), VL Financial seeks to obtain the necessary licenses to operate a fully compliant digital asset exchange within Bermuda.If approved by the BMA, VL Financial will play a pivotal role in enabling the trading of asset-backed investments and real estate tokens.This will open up exciting opportunities for investors seeking exposure to alternative asset classes within a regulated environment.Consider this scenario: an investor wants to diversify their portfolio by investing in a fraction of a luxury beachfront property in Bermuda.Through VL Financial's platform, they could potentially purchase tokens representing ownership in that property, making real estate investment more accessible and liquid.

VL Tech: The Engine Behind the Innovation

Velocity Ledger Technology Limited (VL Tech) is the technological backbone supporting VLHL's ambitious vision. CommPRO.biz Editorial Staff Velocity Ledger Holdings Limited VLHL has been approved to conduct an initial coin offering ICO by the Ministry of Finance of Bermuda in accordance with the companies act of 2025. VLHL is a Bermuda Company with two subsidiaries for which the ICO will fund opVL Tech is focused on developing and maintaining a private blockchain infrastructure.This private blockchain is designed to provide a secure and efficient platform for the issuance, trading, and management of digital assets. The Bermuda Ministry of Finance has approved the initial coin offering (ICO) of trading company Velocity Ledger Holdings Limited (VLHL), according to a press release published on April 10. Bermudan Premier David Burt told the Royal Gazette, They have a traditional finance industry pedigree and are building solutions for the institutionalBy leveraging blockchain technology, VL Tech aims to streamline processes, reduce costs, and enhance transparency in the financial ecosystem.The choice of a private blockchain offers VLHL greater control over the network, allowing for customized features and enhanced security protocols.Imagine a scenario where companies can issue asset-backed tokens on VL Tech's private blockchain, streamlining the process of raising capital and connecting with investors. The Bermuda Ministry of Finance has approved the initial coin offering (ICO) of trading company Velocity Ledger Holdings Limited (VLHL), according to a press release published on April 10. VLHL sThis could significantly benefit small and medium-sized enterprises (SMEs) in Bermuda and beyond.

The Significance of the Bermuda Ministry of Finance Approval

The approval granted by the Bermuda Ministry of Finance is not just a procedural formality; it's a powerful endorsement of VLHL's business model and its commitment to operating within a regulated framework.This approval signifies several key benefits:

Regulatory Compliance: It demonstrates that VLHL has met the stringent requirements set forth by Bermuda's regulatory bodies, instilling confidence in investors.
Enhanced Credibility: The Ministry of Finance's endorsement adds significant credibility to VLHL, making it more attractive to potential investors and partners.
Market Access: The approval paves the way for VLHL to operate legally within Bermuda and potentially expand its services to other jurisdictions.
Innovation Catalyst: It signals Bermuda's openness to embracing innovation in the digital asset space, encouraging other fintech companies to consider the island nation as a base of operations.

Premier David Burt emphasized the importance of VLHL's approval, highlighting the company's ""traditional finance industry pedigree"" and its focus on ""building solutions for the institutional market."" This suggests that Bermuda is strategically positioning itself to attract established financial institutions seeking to integrate digital assets into their operations.

Understanding the Initial Coin Offering (ICO)

An Initial Coin Offering (ICO) is a fundraising mechanism where a company offers digital tokens to the public in exchange for cryptocurrency, typically Bitcoin or Ethereum. NEW YORK CITY / HAMILTON, BERMUDA April 11th, 2025 Velocity Ledger Holdings Limited VLHL has been approved to conduct an initial coin offering ICO by the Ministry of Finance ofThese tokens can represent various things, such as:

Utility Tokens: Providing access to a specific product or service offered by the company.
Security Tokens: Representing ownership in the company, similar to traditional stocks.
Asset-Backed Tokens: Backed by physical assets, such as real estate or commodities.

The funds raised through an ICO are used to finance the company's operations, development, and expansion. 根據4月10日發布的新聞稿，百慕大財政部批准了Velocity Ledger Holdings Limited（VLHL）貿易公司的初始硬幣發行（ICO）。VLHL的子ICOs have become a popular alternative to traditional venture capital funding, allowing startups to raise capital directly from the public.However, it's crucial for investors to conduct thorough due diligence before participating in any ICO, as the market can be volatile and prone to scams.

The Bermuda Advantage: Why Companies Choose Bermuda for ICOs

Bermuda has emerged as a favorable jurisdiction for companies seeking to launch ICOs due to several factors:

Clear Regulatory Framework: Bermuda has established a comprehensive regulatory framework for digital assets, providing clarity and certainty for businesses operating in the space.
Pro-Innovation Environment: The Bermudan government actively encourages innovation and welcomes fintech companies to set up operations on the island.
Tax Benefits: Bermuda offers attractive tax benefits for businesses, making it a financially appealing location.
Strong Financial Infrastructure: Bermuda has a well-established financial infrastructure, including reputable banks and legal professionals, which provides support for companies in the digital asset space.

These advantages have positioned Bermuda as a leading jurisdiction for digital asset businesses, attracting companies from around the world seeking a stable and supportive regulatory environment.

The Role of the Bermuda Monetary Authority (BMA)

The Bermuda Monetary Authority (BMA) plays a crucial role in regulating and supervising financial institutions in Bermuda, including those operating in the digital asset space. The Bermuda Ministry of Finance has approved the initial coin offering (ICO) of trading company Velocity Ledger Holdings Limited (VLHL), according to a press release published on April 10.The BMA is responsible for:

Licensing and Supervision: Granting licenses to financial institutions and overseeing their operations to ensure compliance with regulatory requirements.
Risk Management: Assessing and mitigating risks within the financial system to protect consumers and maintain financial stability.
Enforcement: Taking enforcement actions against institutions that violate regulations.

VL Financial's application with the BMA is a critical step in its journey to becoming a licensed digital asset exchange in Bermuda.The BMA's rigorous assessment process ensures that only companies that meet the highest standards of compliance and risk management are allowed to operate within the jurisdiction. The Ministry of Finance of Bermuda has approved the initial coin offering (ICO) of Velocity Ledger Holdings Limited . The money raised during the VL token sale will fund the operations of two VLHL subsidiaries VL Financial and Velocity Ledger Technology Limited (VL Tech). VL Financial is currently engaged in the application process with theThis safeguards investors and promotes the integrity of Bermuda's financial system.

Potential Impact of VLHL's ICO on the Bermuda Economy

The successful launch of VLHL's ICO has the potential to bring significant benefits to the Bermuda economy:

Job Creation: VLHL's expansion and the growth of its subsidiaries could lead to the creation of new jobs in the fintech sector.
Increased Investment: The ICO could attract significant investment to Bermuda, boosting economic activity and generating revenue for the government.
Enhanced Reputation: VLHL's success could further enhance Bermuda's reputation as a leading hub for digital asset innovation, attracting more companies and investors to the island.
Technological Advancement: VL Tech's development of a private blockchain infrastructure could foster technological advancement and innovation within Bermuda's financial sector.

These positive impacts could contribute to the overall economic growth and diversification of Bermuda, making it a more resilient and competitive economy.

Key Considerations for Investors in VLHL's ICO

While the approval from the Bermuda Ministry of Finance is a positive sign, potential investors in VLHL's ICO should still conduct thorough due diligence before committing their capital. The Ministry of Finance of the island approved on Wednesday the ICO of Velocity Ledger Holdings Limited, which shows its openness towards the adoption of cryptocurrenciesHere are some key considerations:

Understand the Whitepaper: Carefully review the VLHL's ICO whitepaper to understand the company's business model, technology, team, and tokenomics.
Assess the Risk Factors: Be aware of the risks associated with investing in ICOs, including market volatility, regulatory uncertainty, and the potential for scams.
Evaluate the Team: Research the backgrounds and experience of the VLHL team to assess their ability to execute the company's vision.
Analyze the Tokenomics: Understand the utility of the VLHL tokens and how they will be used within the VLHL ecosystem.
Seek Professional Advice: Consult with a financial advisor to determine if investing in VLHL's ICO aligns with your investment goals and risk tolerance.

By conducting thorough research and seeking professional advice, investors can make informed decisions and mitigate the risks associated with investing in ICOs.

The Future of Digital Assets in Bermuda

The approval of VLHL's ICO signals a bright future for digital assets in Bermuda.The island nation is well-positioned to become a leading hub for fintech innovation, attracting companies and investors from around the world.As the regulatory landscape continues to evolve and mature, Bermuda is expected to play an increasingly important role in shaping the future of the digital asset industry.

One crucial element for the continued success of digital assets in Bermuda is fostering a culture of education and awareness.Providing training programs and resources for individuals and businesses can help to increase understanding of blockchain technology and digital assets, leading to greater adoption and innovation.Collaboration between government, industry, and academia is also essential for creating a thriving digital asset ecosystem in Bermuda.

Common Questions About Bermuda and Cryptocurrency

Many people have questions about Bermuda's approach to cryptocurrency.Here are some common inquiries and their answers:

Is cryptocurrency legal in Bermuda?

Yes, cryptocurrency is legal in Bermuda. The Bermuda Ministry of Finance has approved the initial coin offering of trading company Velocity Ledger Holdings Limited, according to a press release published on April 10.VLHL's subsidiary VL Financial is now in the application process with the Bermuda Monetary Authority to obtain the relevant licenses to operate.[BREAK] If approved by the BMA, the company will operate a digital assetThe government has taken a proactive approach to regulating digital assets and has created a legal framework that allows businesses to operate in the space.

Are there any taxes on cryptocurrency in Bermuda?

The tax treatment of cryptocurrency in Bermuda depends on the specific circumstances. The Bermuda Ministry of Finance has approved the initial coin offering (ICO) of trading company Velocity Ledger Holdings Limited (VLHL), according to a press release published on April 10. VLHL s subsidiary VL Financial is now in the application process with the Bermuda Monetary Authority (BMA) to obtain the relevant licenses to operate. If approved by the BMA, the company will operate aGenerally, cryptocurrency transactions are subject to the same tax rules as other types of transactions.

How can I start a cryptocurrency business in Bermuda?

To start a cryptocurrency business in Bermuda, you will need to comply with the relevant regulations and obtain the necessary licenses from the BMA. p Bermuda s Ministry of Finance has approved the ICO of trading company Velocity Ledger Holdings Limited /pYou should also seek legal and financial advice to ensure that you are operating in compliance with the law.

What are the benefits of doing business in Bermuda's cryptocurrency sector?

Some of the benefits of doing business in Bermuda's cryptocurrency sector include a clear regulatory framework, a pro-innovation environment, and attractive tax benefits.

Conclusion: A New Chapter for Bermuda and Velocity Ledger

The Bermuda Ministry of Finance's approval of Velocity Ledger Holdings Limited's (VLHL) ICO is more than just a regulatory milestone; it's a testament to Bermuda's forward-thinking approach to digital assets and its commitment to fostering innovation. Bermuda Ministry of Finance Approves Velocity Ledger ICOVLHL, with its subsidiaries VL Financial and VL Tech, is poised to play a significant role in shaping the future of digital finance in Bermuda and beyond.As VL Financial seeks regulatory approval from the BMA and VL Tech continues to develop its private blockchain infrastructure, the stage is set for a new era of opportunity and growth.

This approval highlights Bermuda's growing reputation as a hub for digital asset innovation.It is a positive sign for the cryptocurrency industry, demonstrating the potential for collaboration between governments and businesses to create a regulated and thriving digital asset ecosystem. El Ministerio de Hacienda de Bermuda aprob la oferta inicial de monedas de la empresa comercial Velocity Ledger Holdings Limited (VLHL), seg n un comunicado de prensa publicado el 10 de abril. La filial de VLHL, VL Financial, se encuentra en proceso de solicitud ante la Autoridad Monetaria de las Bermudas (BMA) para la obtenci n de lasFor potential investors, it's a reminder to conduct thorough due diligence and understand the risks involved.VLHL's journey will be one to watch, as it exemplifies the potential of combining traditional finance principles with the innovative power of blockchain technology. Velocity Ledger Holdings Limited (VLHL) ICO Gets Green Light From Bermuda s Ministry Of Finance A press release published yesterday has confirmed that Velocity Ledger Holdings LAs Bermuda continues to embrace digital assets, it is paving the way for a more efficient, transparent, and accessible financial future.