XBTO International Ltd. (Bermuda) (“XBTOI“) is a licensee of XBTO Group, one of the most active global crypto investors. XBTOI is a leading digital asset provider offering best-in-class market making products through superior proprietary technology and connectivity. “This is a significant development for our business in Bermuda and across the global trading landscape,” said Julien Auchecorne, Chief Operating Officer of XBTOI. “We are engaged in many exciting projects and are proud to showcase Bermuda’s growing status as a leading offshore digital asset hub. Our local commitment extends beyond our own office presence and working relationships with service providers on the island.”

Steven Rees Davies, lead partner at XBTOI’s legal counsel, Appleby in Bermuda, commented: “We congratulate Julien and the team at XBTOI on this well-deserved achievement. The receipt of a Digital Asset Business License from the BMA is testament to the standards by which XBTOI operates globally and sets them apart from others in this highly competitive sector.” Steven Rees Davies was supported by Matt Ebbs-Brewer (Partner), Jo Noddings (Senior Associate) and Alexis Haynes (Associate) on the DABA application and Sally Penrose (Partner) and Monika Adams (MLCO) on the AML/ATF aspects. Caleb Crockwell (Associate) and Luisa Olander (Associate) also assisted on this transaction.

Pictured above: Bermuda partner Steven Rees Davies with client XBTO and the Premier of Bermuda, celebrating the issuance of XBTO’s Digital Asset Business Licence by the BMA.
L-R: Steven Rees Davies, Partner at Appleby; Nicolas Genechesi, CEO at XBTOI; Hon. E. David Burt, Premier of Bermuda; Julien Auchecorne, COO at XBTOI

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Key Contacts

Steven Rees Davies

Partner, Joint Global Head of Technology & Innovation: Bermuda

T +1 441 298 3296
E Email Steven

Matthew Ebbs-Brewer

Partner: Bermuda

T +1 441 298 3226
E Email Matthew

Sally Penrose

Partner: Bermuda

T +1 441 298 3286
E Email Sally

Josephine Noddings

Senior Associate: Bermuda

T +1 441 298 3553
E Email Josephine

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