The British Virgin Islands (BVI) have spent the last several years pitching itself as a digital-asset hub. At BVI Finance's Fintech on the Seas conference on Necker Island, one of the people buying that pitch is Kingsley Advani, founder of Advani Family Offices and CEO of fund-infrastructure platform Allocations.

Advani has invested in 200+ companies over roughly a decade, securing early stakes in SpaceX, Anthropic, OpenAI, Coinbase, Robinhood and Kraken. He manages over $2B in assets across borders and industries, and has pivoted to "investing in the infrastructure to invest."

Advani's argument is that the BVI's faster formations and improved regulation make it increasingly attractive for new entities as a home base, and that AI will compress entity setup even further from weeks to seconds.

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"If they want to spin up a BVI entity or SPV on their phone, they should be able to with AI in a few seconds. That's the end goal," he said in a conversation with TheStreet Roundtable.

From breakout companies to the rails beneath them

Allocations is Advani's main vehicle for investment infrastructure. The platform claims more than 30,000 investors and over $3 billion in transacted value, running special purpose vehicles (SPV) and funds into names like Anthropic, OpenAI, and Anduril.

"We're very active in investing, and building the infrastructure to invest," he said.

These funds are heavily concentrated in Delaware, where Advani has established about 1,600 different entities and vehicles over the last 6 years. Now, he wants to run the same playbook in the BVI.

Why the BVI?

Advani isn't new to the BVI. He set up his first entity there a decade ago and today, he has 10, with clients mainly driving expansion in the region.

"Clients come to us, they say, hey, we want to set up an SPV or a fund. Can you structure it in BVI?" he explained.

He also gave credit to regulators in the BVI, which has allowed formations to happen more quickly.
The BVI passed the Virtual Asset Service Providers Act in 2022, years before most jurisdictions started taking crypto and blockchain seriously.

"The regulation has gotten a lot better here. The formations have gotten a lot faster."

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The endgame

When asked how many entities he thinks will be formed in the BVI over the next five years, Advani declined to cap the potential growth.