For years, crypto and the Crown Dependencies often looked like uncomfortable partners. The loudest voices in the sector promised to replace traditional finance – a vision that sat uneasily alongside jurisdictions built on regulation, governance and institutional trust.
Banks would become obsolete, regulation would become irrelevant and blockchain technology would create a parallel financial system operating outside the structures and institutions that have dominated global markets for decades.
That vision has not entirely disappeared. Increasingly, however, it is not where serious money is flowing. Instead, the digital assets market is entering a quieter and arguably more commercially significant phase, one focused less on…
