The Cayman Islands have become a hot spot lately—Web3 foundations are flocking there. Here are the numbers: in all of 2024, registrations surged by 70%, with the year-end total surpassing 1,300. Even more impressive, in just the first five months of 2025, over 400 new entities have sprung up.

Why is everyone choosing the Cayman Islands? Simply put, it’s to give DAOs a “legal shell.” What can these foundations do? They manage treasuries, hold intellectual property, and handle compliance headaches. Right now, at least 17 foundations have treasuries exceeding $100 million each—the scale is no joke.

But here’s a heads-up: the OECD’s CARF reporting framework is set to take effect in 2026. What does that mean? Crypto asset tax transparency will come under even closer scrutiny. Whether this registration boom can continue depends on how everyone adapts to the new rules.

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TradFiRefugee

· 12-03 11:38

This move by the Cayman Islands is truly brilliant—the ultimate version of compliant shell entities. But wait, when CARF comes in 2026, what will happen to these treasuries? Can they really avoid it? The number—1,300 foundations—sounds impressive, but it feels like everyone is betting on how fast regulators will react. This wave of registrations is really the last sprint before the policy window closes. Legal shells are indeed effective, but the question is, how long will they stay legal? Registering in the Cayman Islands seems like a way to pave an escape route—kind of clever, but also a bit desperate.

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OldLeekNewSickle

· 12-03 11:37

More than 1,300 foundations are piled up in the Cayman Islands. To put it bluntly, isn't this just a collective move to avoid taxes? When the OECD regulations take effect next year, these people will have to go through another round of trouble.

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DustCollector

· 12-03 11:36

This wave of registrations in the Cayman Islands feels like a race against time. Once 2026 arrives, everything will have to be readjusted.

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AirdropAnxiety

· 12-03 11:31

Cayman is about to become the new Hong Kong. This wave of registrations probably won't last long.

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GasFeeLover

· 12-03 11:24

I see through this Cayman scheme; it's just a safe haven for large amounts of capital.

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SundayDegen

· 12-03 11:21

Cayman has really become a crypto tax haven, haha, all the smart people are heading there. But wait, once CARF takes effect in 2026, how are these foundations going to survive? With 1,300 foundations, it doesn't seem like any of them are actually doing anything. The Cayman registration boom will be lucky to last until next year—let's bet on it. It's time to wake up from the compliance dream, everyone.

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TokenDustCollector

· 12-03 11:19

This wave of registrations in the Cayman Islands is truly incredible, but with CARF coming in 2026, we need to be mentally prepared.

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