What Jamaica Can Learn from Bermuda’s Leap into an On-Chain Economy

By Dean Jones, Jamaica Homes

If it was not already clear where the world is heading, Bermuda’s recent announcement that it plans to become the world’s first fully on-chain national economy should give even the most sceptical observer pause for thought. This is not a fringe experiment taking place in a far-off digital sandbox. It is a deliberate, state-level decision by a small island economy that understands something many larger countries are still grappling with: the plumbing of money matters just as much as the amount of money flowing through the system.

Bermuda’s move, announced on the margins of the World Economic Forum in Davos, sees the government working alongside Coinbase and Circle to embed digital assets—specifically dollar-pegged stablecoins like USDC—into everyday economic life. This is not about speculative trading or crypto hype. It is about payments, settlement, compliance, education, and access. In plain terms, it is about reducing friction.

From a Jamaican perspective, …