24th January 2026 > > Bermuda & tokenisation.
- Mark Timmis
- 2 days ago
- 3 min read
tl;dr
Bermuda is going all-in and onchain, driving the stablecoin revolution. The tokenisation revolution is picking up speed.
Market Snap
Market Wrap
Perpetual futures open interest continues to wane which is a very healthy sign.
Curious Crypto’s Commentary – WEF & Bermuda
The annual expense jamboree fest known as the World Economic Forum, hosted in Davos, is always a waste of everyone’s time and our money, money that has been earned by us by working hard, then having that money taken away, losing it in taxes, to pay for this pointless jolly.
If you are not convinced then consider this – George Osbourne, previously Chancellor of the Exchequer who spearheaded his government’s attack on prosperity and aspiration, is in the papers today calling for a beefed-up UK presence at Davos. Anything for which Osbourne shows enthusiasm for is by definition a bad thing. The only sensible course of action is to boycott the whole dismal show for evermore.
…
I have always hoped that just occasionally there might be something of value discussed at the WEF, a forlorn longing, but one which I cling to, in the expectation that the cash splashed for the private jets, with all those carbon emissions, the top-end hotels, the eight star restaurants, the chauffeur-driven limousines, the new clothes, out of all of that – perhaps just something of value, just one time, might emerge, the merest nugget of gold, from this flagrant display of utter nonsense by the technocratic elite.
I have always been sorely disappointed.
Until now.
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This announcement is more than just a nugget:
“Today at the World Economic Forum Annual Meeting, the Government of Bermuda announced their (sic) plans to transform Bermuda into the world’s first fully onchain national economy with support from Circle and Coinbase.”
The ambition is no less than putting the whole of Bermuda’s economy onchain. Wow.
USDC will be the standard payment rail for business, individuals, and the government, allowing for instantaneous settlement 24/7/365 with virtually no fees. The press release provides some insight:
“An onchain economy means using digital assets as everyday financial infrastructure. For a country like Bermuda, a highly entrepreneurial economy with thousands of local businesses, traditional payment rails are expensive and restrictive. Being classified alongside Caribbean and other island jurisdictions, onshore payment processors and local fiat banking rails drive up fees and squeeze already thin merchant margins. Digital finance provides an opportunity for a new model.”
The CCC has been telling you for a long time that the stablecoin revolution is going to replace domestic and international TradFi settlement systems. That prediction is now being realised. Other countries will soon follow suit.
Curious Crypto’s Commentary – Tokenisation
On Wednesday, F/m Investments filed an application with the SEC to allow it to tokenise shares of its US Treasury ETF:
Aisha Hunt, founder of Kelley Hunt, PLLC and strategic ETF and tokenisation counsel to F/m Investments, explains:
“If the SEC grants the requested relief, TBIL’s existing ETF shares could also be represented on a permissioned, blockchain-based ledger under the same CUSIP, with the same rights, fees, voting rights, and economic terms as TBIL shares today,”
As we saw with the NYSE (https://www.curiouscryptos.com/post/20th-january-2026-trump-s-tariffs-nyse) and DTCC (https://www.curiouscryptos.com/post/4th-january-2026-tokenisation-crypto-industry-predictions) these new instruments will carry the same legal rights as the real-world assets, but with all the benefits that come from being onchain rather than as mere entries in a centralised database.
Even the Banque de France Governor François Villeroy de Galhau said during a panel discussion in Davos that tokenisation and stablecoins are likely to be “the name of the game” in 2026.
Convicted Criminal Christine Lagarde, head of the ECB, was most upset to hear this – her howls of anguish echoed down the corridors of the Davos Congress Centre forcing Galhau to swiftly change tack to praise the EU’s progress on its development of the tyrant’s tool of choice for coercion and control aka the Euro CBDC. But when a leading member of the French technocracy recognises the benefits of cryptos, momentum is clearly unstoppable.
2026 is shaping up fast.
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