According to CoinMeta, DWF Labs has announced that it has received regulatory approval as a virtual asset service provider ( VASP ) from the Financial Services Commission of the British Virgin Islands ( BVI FSC ), authorizing it to operate within the framework of BVI. Institutional clients can access DWF Labs's trading and market-making services ( OTC ) through regulated BVI entities, which cover spot trading of thousands of digital assets and stablecoins.