Based on 528btc, a recent analysis by CryptoSlate suggests that the surge in Web3 foundation registrations in the Cayman Islands is being driven by the Samuels v. Lido DAO case. A California court ruling classified unregistered decentralized autonomous organizations (DAOs) as general partnerships, exposing token holders to unlimited personal liability. Although the precedent is limited, its signaling effect has prompted governance projects to shift to overseas jurisdictions for clearer liability separation. The Cayman Islands, with its stable foundation company regime, allows projects to hold intellectual property, manage multisignature wallets, and adopt goal-oriented governance frameworks while avoiding personal liability for token holders. Major industry entities like OpenSea Foundation have already been attracted. Earlier reports indicated that Web3 foundation registrations in the Cayman Islands have increased by about 30% compared to the end of 2024.
Cayman Web3 Foundation Registrations Surge Amid Samuels v. Lido DAO Case
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