BIT brand makes its first appearance after the upgrade at the "Trust in Digital Finance" industry event held in Singapore.

Source: BIT

On March 27, 2026, BIT (formerly Matrixport) held 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 process of institutionalization. This is BIT’s first public event aimed at the industry since 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 is a key turning point for the industry towards institutionalization, with digital assets further becoming part of mainstream institutional asset allocation. As institutional funds enter the market at an accelerated pace, the demands on platforms and infrastructure have significantly increased, with custody frameworks, compliance systems, and operational transparency shifting from being advantages to becoming entry barriers.

Wendy Sun, Chief Brand Officer, mentioned that the transition from Matrixport to BIT reflects the group’s strategic layout towards the future of digital finance. BIT not only represents “Bridge Into Tomorrow,” but also embodies the dual connotations of “Build on Integrity and Trust” and “Build It Together,” conveying the group’s vision of fostering the construction of digital financial infrastructure based on trust, in collaboration with industry partners.

The event also featured in-depth discussions on the “Trust White Paper” released by BIT last week. Daniel Lee, CEO of Cactus Custody, elaborated on the trust framework proposed in the white paper, covering risk governance, multi-jurisdictional compliance, custody security architecture, and independent audit mechanisms. Christopher Liu, Chief Compliance Officer, introduced the practical 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 and is a global digital asset financial services group based on integrity. The group is headquartered in Singapore and has offices in seven countries and regions worldwide, connecting traditional finance and the digital asset market through a robust governance system, technical capabilities, and compliant operations.

BIT provides global institutions and professional investors with services covering trading, custody, asset management, liquidity, and financing solutions, and supports the on-chain introduction and application of real-world assets (RWA). Its entities hold the relevant licenses and are regulated locally in Singapore, Hong Kong, Switzerland, the United Kingdom, the United States, and Bhutan, including the Major Payment Institution license (MPI) in Singapore and the collective asset management license issued by FINMA in Switzerland.

Currently, the group manages assets exceeding $6 billion, with monthly trading volume over $7 billion, a total interest paid to clients exceeding $2 billion, and a valuation exceeding $1 billion. It has been included in the “2024 Hurun Global Unicorn List” and “2025 Singapore Fintech Unicorn List.”

This article is contributed and does not represent BlockBeats’ views.

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