New ‘Data Asset’ Laws: Why AI Agents Might Move to the Isle of Man

The World’s oldest Parliament, the Isle of Man’s Tynwald, has passed the Foundations (Amendment) Bill 2025, creating the world’s first statutory framework that formally recognizes data as a legal asset – giving organizations a jurisdictional home where datasets can sit on a balance sheet, be licensed, used as collateral, and governed with the same structural clarity applied to physical propert…