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BIT Makes First Appearance After Brand Upgrade, Hosts 'Trust in Digital Finance' Industry Event in Singapore

BIT (formerly Matrixport) held its first industry event, "Trust in Digital Finance," in Singapore on March 27, 2026, following its recent rebranding. The event brought together global financial institutions and digital asset industry representatives to discuss governance standards, compliance frameworks, and operational infrastructure as the sector becomes increasingly institutionalized. Cynthia Wu, Co-Founder and Chief Commercial Officer, highlighted the approval of U.S. spot Bitcoin ETFs in early 2024 as a key turning point, attracting more mainstream institutional capital. This has elevated requirements for platforms and infrastructure, making custody architecture, compliance, and operational transparency essential rather than optional. Chief Brand Officer Wendy Sun explained that the rebrand to BIT—which stands for "Bridge Into Tomorrow," "Build on Integrity and Trust," and "Build It Together"—reflects the group’s vision to advance digital finance infrastructure collaboratively and trustworthily. Discussions also centered on BIT’s recently published Trust Whitepaper, which outlines a trust framework covering risk governance, multi-jurisdictional compliance, custody security, and independent auditing. Cactus Custody CEO Daniel Lee and Chief Compliance Officer Christopher Liu elaborated on its practical implementation, including SOC audits and ISO certifications. BIT, headquartered in Singapore, is a global digital asset financial services group with over $6 billion in assets under management and a valuation exceeding $1 billion. It holds regulatory licenses in multiple jurisdictions, including Singapore, Hong Kong, Switzerland, the UK, the U.S., and Bhutan.

marsbit03/27 08:12