TechFlow reports that on January 20, according to a Circle blog post, the government of Bermuda announced plans to transform Bermuda into the world's first fully on-chain national economy, with support from Circle and Coinbase.
The two companies plan to provide digital asset infrastructure and enterprise tools for the Bermudian government, local banks, insurers, small and medium-sized enterprises, and consumers, while supporting nationwide digital financial education and technical onboarding programs.
Bermuda Premier E. David Burt said the initiative aims to enable responsible, large-scale innovation through collaboration between government, regulators, and industry. The on-chain economic transformation is expected to deliver tangible benefits for residents and businesses, including reduced transaction costs and greater access to global financial systems.
