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OECD CARF, the International Tax Transparency Standard, is set to be officially implemented in 2026, while the Web3 Foundation in the Cayman Islands has seen a 70% surge in numbers.
BlockBeats News, December 3rd, according to Cointelegraph, the number of registered foundation companies in the Cayman Islands has surged by 70% year-on-year, surpassing 1300 by the end of 2024, with over 400 new additions in the first five months of 2025. Cayman foundations are increasingly becoming the mainstream legal structure for DAOs, used to custody treasuries, hold IP, and manage compliance matters. At least 17 foundation treasuries have exceeded $1 billion in size.
It is worth noting that the OECD Common Reporting Standard (CRS) report framework on international tax transparency is set to be officially implemented in 2026. The OECD CRS aims to counter tax evasion resulting from cryptocurrency transactions through a standardized automatic exchange of information mechanism. Cayman will require cryptocurrency service providers engaged in transactions, custody, and other services to conduct due diligence and reporting, but protocol treasuries holding assets and passive foundations are not expected to fall within the mandatory reporting scope.
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