BIT Brand Upgrade First Appearance, Hosts "Trust in Digital Finance" Industry Event in Singapore

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 topics such as governance standards, compliance frameworks, and operational infrastructure in the institutionalization process. This was BIT's first industry-facing public event since completing its brand upgrade.

BIT Co-founder and Chief Business Officer Cynthia Wu stated that the approval of the U.S. Bitcoin spot ETF in early 2024 was a key turning point for the industry's move towards institutionalization. This further integrated digital assets into the mainstream institutional asset allocation landscape. With accelerating institutional funds entering the market, the market's requirements for platforms and infrastructure have significantly increased, shifting from custody architecture, compliance systems, and operational transparency being bonus points to becoming entry barriers.

Chief Brand Officer Wendy Sun noted 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 two layers of connotations "Build on Integrity and Trust" and "Build It Together," conveying the vision of the group to build the digital financial infrastructure together with industry partners on the foundation of trust.

The event also delved into discussions surrounding BIT's recently released "Trust Whitepaper." Cactus Custody CEO Daniel Lee elaborated on the trust framework proposed in the whitepaper, covering risk governance, multi-jurisdictional compliance, custody security architecture, and independent audit mechanisms. Chief Compliance Officer Christopher Liu then introduced the implementation of these frameworks in daily operations, including independent verification of SOC audit reports and ISO security standards.

About BIT

BIT (formerly Matrixport) was founded in 2019 and is a globally trusted digital asset financial service group. Headquartered in Singapore, the group has offices in seven countries and regions worldwide, connecting traditional finance with the digital asset market through robust governance, technical capabilities, and compliant operations.

BIT provides global institutions and professional investors with comprehensive solutions covering trading, custody, asset management, liquidity, and financing, 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 (MPI) license in Singapore and a Collective Asset Management license issued by FINMA in Switzerland.

The group currently manages assets under management exceeding $6 billion, with a monthly trading volume surpassing $7 billion, total interest paid to customers of over $2 billion, a valuation exceeding $1 billion, and has been selected for the "2024 Hurun Global Unicorn List" and "2025 Singapore Fintech Unicorn List."

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