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BIT is a digital asset financial services platform, formerly known as Matrixport, offering one-stop trading, custody, and asset management services. Core features include spot and derivatives trading with over a thousand pairs, high liquidity, and a low-latency matching engine; regulated US stock trading with USDT/USDC fiat on/off ramps; structured products such as Dual Currency and Shark Fin catering to varied risk appetites; and lending services with flexible collateral. The platform safeguards assets via cold storage and multi-signature technology, and holds regulatory licenses.
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About BIT
BIT is a digital asset financial services platform targeting institutional clients, offering trading, custody, asset management, and RWA tokenization services. Its core differentiators are regulatory compliance and security: the group holds licenses in multiple jurisdictions (including a BVI VASP & SIBA IBL license obtained in March 2026), with 98% of assets held in cold storage protected by FIPS 140-3 Level 3+ certified HSM modules, MPC/TSS multi-signature technology, and dual-site high-availability infrastructure. BIT addresses key market pain points: traditional fiat-to-crypto conversion suffers from complex bank reviews and slow settlement, which BIT solves through same-name virtual accounts launched in partnership with major banks, enabling efficient, compliant fund flows. For quant investing, BIT eliminates the 'black box' by providing real-time NAV updates every 10 minutes, transparent counterparty disclosures, and institutional-grade risk metrics (Sharpe, Sortino, max drawdown). In the past six months (Feb–Aug 2026), BIT obtained the BVI license, launched the same-name virtual account service for OTC transactions, expanded its US stock trading offering with NBBO pricing and zero commission, and strengthened its custody solution through Cactus Custody with SOC 1 Type II and SOC 2 Type II certifications.
BIT (formerly Matrixport) has evolved from a crypto asset management platform into a global digital asset financial services platform. Key milestones include:
In February 2026, BIT launched its US stock trading product, allowing users to invest in US-listed equities and ETFs directly with stablecoins (USDT/USDC), featuring T+0 settlement and 24/7 deposits and withdrawals. This marked a strategic shift from pure crypto services toward bridging digital and traditional finance.
Within 100 days of launch, the US stock business surpassed $200 million in AUM, validating strong market demand for stablecoin-to-equity access without traditional bank cards.
BIT subsequently added Clear Street as a clearing partner alongside RQD Clearing and Atomic Vaults Securities, establishing a multi-custodian clearing architecture with three US-regulated institutions to enhance stability and risk diversification.
The company also secured regulatory approval in the BVI through subsidiary Matrixport Technologies Ltd, obtaining an SIBA investment business license and VASP registration, further expanding its global compliance footprint.
In late 2025, BIT introduced US stock margin trading, laying the groundwork for future options products and deepening its capital market infrastructure.
These milestones reflect BIT's transformation from a crypto-native platform into a regulated, multi-asset financial gateway connecting stablecoin liquidity with traditional securities markets.
Key progress over the past six months:
- On March 20, 2026, Matrixport officially rebranded to BIT, marking its strategic upgrade from crypto financial services to a multi-asset digital finance platform.
- On May 20, 2026, Matrixport Technologies Ltd, a BIT entity, obtained an SIBA Category II investment business license from the BVI Financial Services Commission and completed VASP registration, strengthening its institutional-grade compliance framework.
- BIT released the BIT Trust Whitepaper V2.0, systematically disclosing its risk governance, security architecture, compliance oversight, and independent verification mechanisms across digital assets, U.S. equities, RWA, and asset management.
Official future focus and roadmap:
- Further expand Hong Kong dollar deposits/withdrawals and Hong Kong equities trading, deepening its role as a bridge between traditional finance and digital assets.
- Advance structured products and RWA initiatives, providing dynamic cross-cycle allocation tools while strengthening compliance and transparency.
Jihan Wu (Founder): Co-founded Bitmain, now Chairman of BIT Group. Previously CEO of Bitdeer. Active in crypto mining and blockchain infrastructure.
Robin Zhu (CEO): Leads BIT's overall strategy and operations. Background in finance and tech, previously held senior roles at major financial institutions.
Christopher Liu (Chief Compliance Officer & Head of Regulatory): 20+ years in compliance across banking, payments, and crypto. Former regional leadership at Citi. Led BIT's licensing in Singapore, BVI, and Bhutan.
Wendy Sun (Chief Brand Officer): Oversees brand strategy and communications. Extensive experience in fintech and digital asset marketing.
Josh Ng (Director of RWA Ecosystem & Partnerships): Drives real-world asset tokenization initiatives and strategic partnerships. Background in traditional finance and blockchain.