Premier David Burt has announced that Bermuda intends to amend the Public Funds Act, opening the door for the island's public funds to invest directly in digital assets. The move signals a deliberate push toward what Burt described as a fully on-chain economy — not just regulatory tolerance, but active state participation.
Bermuda has long positioned itself as a crypto-friendly jurisdiction, but amending public fund law takes that stance from policy to balance sheet. If passed, it would make Bermuda one of the few sovereign-level actors to formally allocate public capital to digital assets — a meaningful precedent for other small-nation financial hubs watching closely.
Frequently asked questions
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What specific changes will be made to the Public Funds Act in Bermuda?
The specific changes to the Public Funds Act have not been detailed, but the amendment will allow public funds to invest directly in digital assets.
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How might Bermuda's move influence other small financial hubs?
Bermuda's decision to allocate public capital to digital assets could set a meaningful precedent, encouraging other small-nation financial hubs to consider similar actions.
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