According to Cointelegraph, the number of Web3 foundations registered in the Cayman Islands has surged by 70% year-on-year, exceeding 1,300 by the end of 2024, with over 400 new registrations in the first five months of 2025. Cayman foundations are becoming the mainstream legal wrapper for DAOs, used for managing treasuries, holding IP, and handling compliance matters; at least 17 foundations have treasury sizes exceeding $100 million. The OECD CARF reporting framework will be officially implemented in 2026, requiring crypto service providers like exchanges and custodians in the Cayman Islands to conduct due diligence and report activities. However, protocol treasuries and passive foundations that only hold assets are expected to be outside the mandatory reporting scope. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=52886