Forbes Digital Assets Caribbean Leaders Are Fueling Global Growth Of Digital Assets ByCleve Mesidor, Contributor. Forbes contributors publish independent expert analyses and insights. I’m Executive Director of Blockchain Foundation in Washington D.C. Follow Author Feb 28, 2026, 01:08pm EST Group photo with government officials attending the Caribbean Community (CARICOM) meeting in Basseterre, Saint Kitts and Nevis, Wednesday, Feb. 25, 2026. Pictured are, U.S. Secretary of State Marco Rubio, center front in red tie, Guyana's President Mohamed Irfaan Ali, left, Bahamas' Prime Minister Philip Edward Davis, second from left, Grenada's Prime Minister Dickon Mitchell, sixth from right, behind, Antigua and Barbuda's Prime Minister Gaston Browne, fourth from right, Barbados' Prime Minister Mia Amor Mottley, third from left, Jamaica's Prime Minister Andrew Holness, front row fourth from left, and St. Kitts and Nevis Prime Minister Terrance Drew, fifth from right. (Jonathan Ernst/Pool photo via AP) Associated Press Other than the melodic rhythms of drums, there is not a common language that connects Caribbean nations. Yet, digital assets are increasingly becoming a common financial refrain and thread. The region was among theearliest jurisdictionsto create regulatory and policy frameworks for blockchain and cryptocurrency. As a result, top crypto companies are headquartered across the Caribbean. Over the last decade, regions all over the world have been leveraging Web3 and DeFi to leapfrog and punch above their weight class. TheCaribbeanis no exception. The region is part of a formidable geo-political Caribbean Community bloc. This week,CARICOMheld an annual summit with government heads in St Kitts and Nevis to discuss their political and economic future. While digital assets was not expressly on the agenda, it did not go unnoticed that many of the 15 member nations have become key hubs in the global crypto paradigm. The Caribbean is full of local industry talent and seasoned leadership. They are working to ensure this part of the global south is well positioned to succeed today and in the future of digital finance. I asked a few crypto experts to provide perspective on the secret sauce that gives the Caribbean a competitive advantage. Here’s what they had to say. Stefen Deleveaux, Founder of The Oasis Group and President of the Caribbean Blockchain Alliance. E. Stefen Deleveaux MORE FOR YOU INDUSTRY TRADE GROUP LEADER With crypto and digital assets, the Caribbean recognized an opportunity to create (or invite) solutions for its weaknesses regarding cross-border payments and bank derisking. This shows incredible foresight in having seen and understood the value of this technology. It also shows a strong willingness to lead the charge, and accept pivots, as the technology matures. Going forward, the Caribbean’s strength as a small, but key, region will continue to push it to the forefront of frontier technology. Stefen Deleveauxis a Bahamian economist and a leading authority on blockchain, fintech, digital assets, digital currencies, and frontier technologies in the Caribbean and the Global South. He has been advising some of the world’s leading institutions on digital currency since 2017, across the Caribbean, Europe, and East Africa. He is founder of The Oasis Group, where he focuses on building and scaling accessible, impact-driven solutions for emerging markets. Stefen is also President of the Caribbean Blockchain Alliance, a regional organization dedicated to accelerating blockchain adoption through education, ecosystem development, and collaboration. Sheynel Smith, former Global Chief Compliance Officer at CoinList. Sheynel Smith COMPLIANCE EXECUTIVE The Caribbean’s competitive advantage as a regulatory environment is anchored in its agility and nimbleness. Unburdened by the legacy bureaucracy and rigid constraints of larger jurisdictions, Caribbean International Finance Centers continue to evolve in lock-step with the digital asset market, churning out proactive frameworks that balance innovation with clear guardrails around AML, custody, governance, and market integrity. This commercially friendly regulatory philosophy, combined with time-earned expertise in cross-border structuring and international financial services, has allowed the region to serve as a testing ground for compliant digital finance models. Sheynel Smithis a Caribbean-based, globally experienced digital finance strategist and regulatory advisor specializing in virtual assets, cross-border compliance, and institutional risk governance. She formerly served as Global Chief Compliance Officer for CoinList. With more than a decade of experience in international financial services, she has advised regulated institutions and government stakeholders on the development and implementation of digital asset regulatory frameworks across the Caribbean. Sheynel has vast C-suite experience across a broad swathe of financial service providers including listed crypto-exchanges. Her work focuses on virtual asset supervision, AML/CFT strategy, and governance design within emerging financial centers. She is also the author ofEvolution of Crypto Complianceand lecturer on the future of digital finance and responsible innovation in the region. Stéphanie Joseph, Co-Founder of Kura. Harvard Innovation Labs STARTUP FOUNDER I see the Caribbean’s competitive edge in digital finance as the combination of regulatory foresight and the urgency to execute quickly. Adoption has been steady, but the real catalyst is necessity: persistent infrastructure gaps — from correspondent banking constraints to fragmented payment rails — create immediate demand for modern, digital alternatives. Because traditional systems remain underdeveloped in many markets, the region cannot afford slow reform cycles; it has both the incentive and the agility to leapfrog legacy infrastructure with fit-for-purpose digital frameworks. That urgency, paired with forward-thinking regulation, positions the Caribbean to accelerate inclusive, secure, and globally connected financial innovation. Kura is bringing that vision to life through compliant on- and off-ramp infrastructure that enables historically excluded merchants to accept stablecoins and convert these digital assets into local fiat within existing licensing standards. This approach bridges innovation with regulation, expanding access while maintaining transparency and oversight. Our work supporting global development agencies with stablecoin-based digital disbursements, as referenced in a recentUNDP report, reflects how the Caribbean is turning progressive policy into practical, inclusive digital finance leadership. Stéphanie Josephis the Co-Founder of Kura, a fintech company building compliant digital payment infrastructure to enable seamless cross-border commerce and financial inclusion across the Caribbean and Central America. With over a decade of experience across global financial services institutions, including at Ernst & Young and American Express, as well as high-growth tech startups, she has focused her career on solving real-world financial access challenges through innovative technology. She holds an MBA from Harvard Business School and has been recognized in industry spotlights for advancing blockchain-enabled financial access and inclusive digital finance. Author Cleve Mesidor hails from the Caribbean. 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