The Bermuda government and the Stellar Development Foundation have announced plans to move part of the island’s financial infrastructure onto the Stellar network. The initiative became the first operational step after Bermuda declared at the 2026 World Economic Forum that it aims to become the world’s first fully blockchain economy.
The project builds on Bermuda’s Digital Asset Business Act introduced in 2018. The law created one of the first regulatory frameworks for digital assets and blockchain companies. The government is now planning to extend this infrastructure to everyday payments and financial services.
Bermuda residents are expected to use digital wallets connected to the Stellar network for daily activities. This includes receiving salaries, paying merchants, settling government fees, and transferring digital assets where supported. The network also provides fiat input and output infrastructure, allowing users to move from traditional money to digital assets.
Government agencies plan to test stablecoin payment systems, while financial institutions could integrate tokenization tools into their services. Bermuda also intends to launch digital literacy programs to help residents understand and use blockchain-based financial products.
Stellar focuses on regulated financial services and cross-border payments. The network supports low-cost transactions that settle in seconds. Stellar has previously worked with institutional and sovereign initiatives, including the Marshall Islands ENRA program, which on-chain distributed nationwide universal basic income payments in 2025.
For Bermuda, the goal is not to create a separate crypto-economy but to integrate blockchain infrastructure into everyday financial activity used by citizens, businesses and government agencies.
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