12 May 2025 Oak Group supports MoonPay in landmark VASP registration in Jersey
Oak Group is very pleased to have provided regulatory, compliance and operational support for MoonPay Inc during the successful registration of its Jersey subsidiary as a virtual asset service provider (VASP).
This achievement represents the first successful retail VASP registration in Jersey, a significant milestone for the jurisdiction’s digital asset landscape.
The Oak team was led by Jo Gorrod, Managing Director, supported by Graeme Paton, Director and Head of Funds and Corporate, alongside Chris Clarke, Head of Compliance. Carey Olsen’s team, led by Christopher Griffin, advised MoonPay on the legal and regulatory aspects of the application, working closely with the Jersey Financial Services Commission (JFSC).
Graeme Paton announced:
"We are delighted to have supported MoonPay through this process. Oak Group is committed to working alongside innovative businesses as Jersey continues to strengthen its position as a forward-thinking international finance centre."
In addition, Chris Clarke commented:
“It has been an exciting journey working with the teams at MoonPay, Carey Olsen and the JFSC to reach this milestone of launching the Island’s first retail VASP. The team at MoonPay provide an extraordinary level of technical expertise, and notably a strong shared dedication to the importance of the detection and prevention of financial crime and a rigorous approach to compliance is firmly at the forefront of this process.”
Matt Sullivan, Deputy General Counsel at MoonPay, said:
“Carey Olsen and Oak Group were valuable partners in securing our VASP registration, enabling us to bring our solutions to users in Jersey while upholding our commitment to compliance and consumer protection.”
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