On March 27, 2026, BIT (formerly Matrixport) hosted the "Trust in Digital Finance" industry event in Singapore this week, inviting representatives from global financial institutions and the digital asset industry to discuss governance standards, compliance frameworks, and operational infrastructure in the process of institutionalization. This marks BIT's first public industry event since completing its brand upgrade.
Cynthia Wu, Co-founder and Chief Business Officer of BIT, stated that the approval of the U.S. spot Bitcoin ETF in early 2024 was a critical turning point for the industry's move toward institutionalization, further integrating digital assets into the asset allocation strategies of mainstream institutions. As institutional capital accelerates its entry into the market, the requirements for platforms and infrastructure have significantly increased, with custody architecture, compliance systems, and operational transparency shifting from value-added features to entry-level prerequisites.
Chief Brand Officer Wendy Sun noted that the transition from Matrixport to BIT reflects the group's strategic positioning for the future of digital finance. BIT not only stands for "Bridge Into Tomorrow" but also embodies the dual meanings of "Build on Integrity and Trust" and "Build It Together," conveying the group's vision of fostering trust and collaborating with industry partners to advance the development of digital financial infrastructure.
The event also featured in-depth discussions around the "Trust White Paper" released by BIT last week. Daniel Lee, CEO of Cactus Custody, elaborated on the trust framework outlined in the white paper, covering risk governance, multi-jurisdictional compliance, custody security architecture, and independent audit mechanisms. Chief Compliance Officer Christopher Liu provided practical insights into the implementation of these frameworks in daily operations, including SOC audit reports and independent verification of ISO security standards.
About BIT
BIT (formerly Matrixport) was founded in 2019 as a global digital asset financial services group built on integrity. Headquartered in Singapore, the group has offices in seven countries and regions worldwide, connecting traditional finance and digital asset markets through robust governance systems, technological capabilities, and compliant operations.
BIT provides global institutions and professional investors with services spanning trading, custody, asset management, liquidity, and financing solutions, while also enabling the on-chain introduction and application of real-world assets (RWA). Its entities hold licenses and are regulated in Singapore, Hong Kong, Switzerland, the UK, the U.S., and Bhutan, including a Major Payment Institution (MPI) license in Singapore and a collective asset management license issued by Switzerland's FINMA.
Currently, the group manages over $6 billion in assets, with a monthly trading volume exceeding $7 billion and cumulative interest payments to clients totaling over $2 billion. With a valuation surpassing $1 billion, BIT has been featured in the "2024 Hurun Global Unicorn List" and the "2025 Singapore FinTech Unicorn List."
