Crypto prime brokerage Floating Point Group has obtained registration as a Virtual Asset Service Provider (VASP) in the Cayman Islands, The Block reported. Kevin March, co-founder of Floating Point Group, said that earlier this year, the company had about 100 clients and had accumulated more than $10 billion in client transactions. Recently released a new crypto asset management platform called FlowVault. Floating Point Group was founded in late 2017 by MIT students. The company received a $2 million seed round in May 2021 from investors including AngelList co-founder Naval Ravikant and closed a $10 million Series A in September 2021, including Tribe Capital, Coinbase Ventures and Anthony Scaramucci Wait to vote.