PANews reported on December 3rd, citing Cointelegraph, that the latest data shows a 70% year-on-year surge in Cayman Islands foundation company registrations. As of the end of 2024, the number of registered companies exceeded 1,300, with over 400 new registrations so far in 2025. This type of structure is increasingly being used as the legal shell for decentralized autonomous organizations (DAOs) and as ecosystem managers for large Web3 projects. According to a press release from Cayman Finance, many of the world's largest Web3 projects are now registered in the Cayman Islands, with at least 17 foundation companies holding over $100 million in reserves.

The surge in Web3 Foundations coincides with a shift in the Cayman Islands' own regulatory policy, stemming from the implementation of the OECD's Crypto Asset Reporting Framework (CARF). The Cayman Islands has implemented this framework through new Tax Information Authority regulations, which will come into effect on January 1, 2026.