Catalog expansion: Bermuda, El Salvador formations, Curaçao
Three RECOMMEND verdicts from the 2026 missing-jurisdictions research land in production. Four new SKUs across three jurisdictions; every retail clears the 40% gross-margin floor against verified 2026 wholesale.
New SKUs: - Bermuda Exempted Company: $12,999 retail / $7,500 wholesale via Conyers Dill & Pearman (42.3% margin). Recurring $2,995/yr covers gov fee + resident representative + Economic Substance Act 2018 compliance handling. Tier-1 reputable; clean on EU and FATF lists. The premium-tier crypto-credentialed wrapper. Walkers held as backup; Trident Trust Bermuda desk confirmed as a third option via our existing Cayman intermediary relationship. - El Salvador S.A. de C.V.: $2,999 retail / $1,750 wholesale via the Bitcitizen 21 CBI sister-brand corridor (41.6% margin). Two-shareholder Sociedad Anónima de Capital Variable for operators building Latin-American settlement infrastructure. - El Salvador SAS: $1,499 retail / $850 wholesale (43.3% margin). Single-founder Sociedad por Acciones Simplificada for solo Bitcoin operators who want the El Salvador positioning without the two-shareholder structure. - Curaçao N.V.: $5,999 retail / $3,500 wholesale via an extension of our existing OneIBC relationship (41.7% margin). Niche vertical fit: Bitcoin-native iGaming and crypto-payment operators specifically. Fast Offshore held as backup; CGA iGaming license sold separately as a referral.
Why these three, in priority order: - Bermuda is the only sovereign that has formally committed to building its national settlement layer on a public blockchain. Circle was the first Class F DABA licensee; Coinbase, Kraken, and STS Digital all hold Class F. The WEF 2026 Circle and Coinbase partnership announcement is the highest-tier government endorsement of Bitcoin-business legitimacy currently available. Bermuda Beneficial Ownership Act 2026 enforcement begins Jun 1, 2026; pre-deadline formations get cleaner BOI verification throughput. - El Salvador had a conspicuous gap in our catalog: the jurisdiction was already listed (DASP-referral track) but no formation SKU shipped. CNAD has licensed 70+ Digital Asset Service Providers since 2023; Bitfinex (May 2026 spot + derivatives + securities), Bitget, and Binance all hold DASP licenses; Tether HQ relocated to San Salvador. The brand voice §5.2 already names El Salvador as REPUTABLE; not listing a formation SKU was the gap. Bitcitizen 21 CBI relationship gives the lowest onboarding friction in the corridor. - Curaçao closes the niche iGaming and crypto-payment vertical. The LOK 2024 reform is the first statutory framework anywhere to name operational, treasury, and player-flow wallets as distinct regulated categories. 87 approved direct iGaming licensees as of Apr 2026; ~30% accept crypto. GRAY tier disclosed honestly: legacy reputation overhang is real and banking acceptance outside the iGaming corridor is mixed.
Catalog total: 45 SKUs across 29 jurisdictions, all live. 7 new partner rows added (Conyers, Walkers, Trident-Bermuda, Bitcitizen, ReadyCorp, OneIBC-Curaçao, Fast Offshore). El Salvador jurisdiction row updated to reflect the new active formation track. Bermuda and Curaçao long-form jurisdiction pages shipped with the standard tier-disclosure and case-for / case-against breakdown.