Original source: BIT
On March 27, 2026, BIT (formerly Matrixport) held the “Trust in Digital Finance” industry event this week in Singapore, inviting representatives from global financial institutions and the digital asset industry to discuss governance standards, compliance frameworks, and operational infrastructure in the institutionalization process. This is BIT’s first public event aimed at the industry since its brand upgrade.
BIT co-founder and Chief Business Officer Cynthia Wu stated that the approval of the US spot Bitcoin ETF in early 2024 is a key turning point for the industry toward institutionalization, as digital assets are further incorporated into the asset allocation view of mainstream institutions. As institutional capital accelerates its entry, the market’s demands for platforms and infrastructure have significantly increased, with custody architecture, compliance systems, and operational transparency having shifted from being value-adds to becoming entry thresholds.
Chief Brand Officer Wendy Sun remarked that the transition from Matrixport to BIT reflects the group’s strategic layout for the future of digital finance. BIT not only stands for “Bridge Into Tomorrow,” but also embodies the meanings of “Build on Integrity and Trust” and “Build It Together,” conveying the group’s vision of promoting the construction of digital financial infrastructure based on trust in collaboration with industry partners.
The event also engaged in an in-depth discussion around the “Trust White Paper” released by BIT last week. Cactus Custody CEO Daniel Lee elaborated on the trust framework proposed in the white paper, which covers risk governance, multi-jurisdictional compliance, custody security architecture, and independent auditing mechanisms. Chief Compliance Officer Christopher Liu then introduced the practical implementation of these frameworks in daily operations, including SOC audit reports and independent verification of ISO security standards.
BIT (formerly Matrixport) was founded in 2019 and is a global digital asset financial services group based on integrity. The group is headquartered in Singapore, with offices in seven countries and regions worldwide, connecting traditional finance with the digital asset market through robust governance systems, technological capabilities, and compliant operations.
BIT provides global institutions and professional investors with a range of services including trading, custody, asset management, liquidity, and financing solutions, and supports the on-chain introduction and application of real-world assets (RWA). Its entities hold relevant licenses and are regulated in Singapore, Hong Kong, Switzerland, the UK, the US, and Bhutan, including a Major Payment Institution license (MPI) in Singapore and a collective asset management license issued by FINMA in Switzerland.
Currently, the group manages assets exceeding $6 billion, with a monthly trading volume exceeding $7 billion, having paid a total interest of over $2 billion to customers, valued at over $1 billion, and has been listed in the “2024 Hurun Global Unicorn List” and the “2025 Singapore Fintech Unicorn List.”
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