LTP Secures VASP and SIB Licenses; How will it impact the Existing Scenario?

LTP can now operate as a fully compliant virtual asset and securities investment provider in British Virgin Island.

Published by

Sneha Agrawal
March 1, 2025
LTP Secures VASP and SIB Licenses; How will it impact the Existing Scenario?

Leading digital asset firm LTP announced on Friday that it has successfully secured Virtual Asset Service Provider (VASP) and Securities Investment Business (SIB) licenses from the British Virgin Islands Financial Services Commission (BVI FSC).

BVI has been a preferred jurisdiction for crypto firms due to its business-friendly laws and now with LTP securing licensing, it further reinforces BVI’s status as a global crypto hub.

With the approval of these licenses, LTP can now operate as a fully compliant virtual asset and securities investment provider under the regulatory framework of the British Virgin Islands. The VASP license allows LTP to offer secure and transparent virtual asset transactions, while the SIB license enables the firm to engage in regulated securities investment activities.

Notably, for LTP, this approval of BVI licenses comes only after a week it secured Type 1, 2, 4, 5, and 9 licenses from the Hong Kong Securities and Futures Commission (SFC)  on 19 Feb.

What the VASP and SIB Licenses Mean for LTP

The VASP license will allow LTP to facilitate virtual asset trading, custody, and exchange services. It will also ensure its compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations – building trust and security for institutional and retail investors.

The other SIB license will permit LTP to conduct securities investments within a legally compliant framework.

A Boost for Institutional Adoption and Global Expansion

With these licenses, LTP is poised for rapid expansion into new markets while offering institutional investors a regulated and secure environment for digital asset investments.

Industry experts see this as a positive signal for broader institutional adoption of blockchain-based financial services. The ability to provide regulated services under BVI FSC oversight adds credibility and legitimacy to LTP’s operations, encouraging more firms to explore digital assets within a compliant framework.

Since the crypto space has long struggled with regulatory uncertainty, LTP, by securing BVI FSC licenses, can set a precedent for compliance. It will further help in attracting institutional investors who seek regulated platforms, building greater trust, and a more secure trading environment.

Final Thoughts

LTP’s successful acquisition of VASP and SIB licenses marks a landmark moment for the company and the broader digital asset industry.

As regulatory clarity becomes increasingly essential for crypto firms, securing these approvals demonstrates LTP’s commitment to long-term sustainability and investor trust.

As LTP further aims to expand its service offerings, strengthen partnerships, and enhance financial innovation, it remains at the forefront of the rapidly evolving Web3 and digital finance landscape.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

About Author

With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Brandtalk section, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.

CoinGape is a burgeoning blockchain and crypto media company. It was recently awarded as the Best Crypto Media Company 2024 at Global Blockchain Show, Dubai. Our goal is to keep industry professionals up to date on the most recent news and developments. We are a team of experts who take great pride in offering unbiased and well researched information to help our readers make informed decisions. Read our Editorial Policy

©2025 All rights reserved