Press Releases

Press Releases

Isle of Man Blockchain Office and Sandbox are now open for applications

14/03/19: The Isle of Man Blockchain Office and Sandbox (first announced in February this year) are now open and are ready to receive joining applications.

Those interested in participating can apply using the form found here: www.digitalisleofman.com/blockchainoffice

A robust selection process is in place to ensure participants are of the highest quality. Early participants are not being charged fees for the facility.

Lyle Wraxall, CEO of Digital Isle of Man commented: “The response to the launch of the Blockchain Office and Sandbox has been tremendous, with a number of premium blockchain businesses and emerging starts-ups approaching the Office for early participation already. There are no signs of interest slowing, and we look forward to collaborating with the pioneers driving blockchain innovation. The Isle of Man is committed to becoming a leading international hub for blockchain businesses, providing them with a fully supportive and collaborative environment to flourish in.”  

Isle of Man Blockchain Office: Established to guide blockchain businesses through current (and future) regulatory landscapes, the primary function of the Office is to facilitate a dialogue between businesses and local and international regulators, where appropriate, and to help blockchain platforms design and future-proof their concepts in accordance with regulation. The Office also provides expertise and guidance, marketing support, and will facilitate and encourage collaboration between companies. 

Isle of Man Blockchain Sandbox: By following the Office application process, businesses will also have the opportunity to join the Blockchain Sandbox. The Sandbox will provide a collaborative space for businesses to live-test their product, service or delivery mechanism. Any risks to ordinary financial consumers and the financial system are strictly contained.

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