The BIT brand makes its first appearance after the upgrade, hosting the "Trust in Digital Finance" industry event in Singapore.

Original Source: BIT

On March 27, 2026, BIT (formerly Matrixport) hosted this week’s industry event “Trust in Digital Finance” in Singapore. The event invited representatives from financial institutions worldwide and the digital asset industry to discuss topics including governance standards, compliance frameworks, and operational infrastructure in the process of institutionalization. This was BIT’s first public event aimed at the industry since completing its brand upgrade.

BIT Co-Founder and Chief Business Officer Cynthia Wu said that the approval of U.S. spot Bitcoin ETFs in early 2024 was a key turning point for the industry’s move toward institutionalization, further bringing digital assets into mainstream institutional asset allocation considerations. As institutional capital accelerates into the market, expectations for platforms and infrastructure have clearly increased; custody architectures, compliance systems, and operational transparency have shifted from “value-add” to “entry requirements.”

Chief Brand Officer Wendy Sun said that from Matrixport to BIT, it reflects the Group’s strategic layout for a digital finance future. BIT not only stands for “Bridge Into Tomorrow,” but also carries two layers of meaning: “Build on Integrity and Trust” and “Build It Together.” It conveys the Group’s vision of building digital finance infrastructure together with industry partners on the foundation of trust.

The event also featured in-depth discussions around the 《Trust White Paper》 released by BIT last week. Cactus Custody CEO Daniel Lee provided a detailed explanation of the trust framework proposed in the white paper, covering risk governance, compliance across multiple jurisdictions, custody security architectures, and independent audit mechanisms. Chief Compliance Officer Christopher Liu, meanwhile, introduced how these frameworks are implemented in day-to-day operations from a practical standpoint, including independent verification of SOC audit reports and ISO security standards.

About BIT

BIT (formerly Matrixport) was founded in 2019. It is a global digital asset financial services group built on integrity. The Group’s headquarters is in Singapore. Offices are established in seven countries and regions globally. By means of a robust governance system, technological capabilities, and compliant operations, it connects the traditional financial market with the digital asset market.

BIT provides global institutions and professional investors with solutions covering trading, custody, asset management, liquidity, and financing, and supports the on-chain introduction and application of real-world assets (RWA). The Group’s affiliated entities hold the relevant licenses and are regulated locally in Singapore, Hong Kong, Switzerland, the UK, the United States, and Bhutan. These include Singapore’s major payments institution license (MPI) and the collective asset management license issued by Switzerland’s FINMA.

Currently, the Group manages assets totaling more than $6 billion, with monthly trading volume exceeding $7 billion. The total interest paid to customers to date exceeds $2 billion, the valuation exceeds $1 billion, and it was selected for the 《2024 Hurun Global Unicorn List》 and the 《2025 Singapore Fintech Unicorn List》.

This article comes from a submission and does not represent the views of BlockBeats

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