BIT, formerly known as Matrixport, convened regulators, global financial institutions, and digital asset firms in Singapore this week to discuss the growing importance of trust, governance, and operational resilience in digital finance. The event underscored BIT’s commitment to framing infrastructure risk management and transparency as essential for institutional adoption.
Cynthia Wu, Founding Partner and Chief Commercial Officer of BIT, noted that the approval of the US spot Bitcoin ETF marks a pivotal moment for the industry, indicating a shift in institutional expectations. “Custody frameworks, compliance structures, and operational transparency are no longer optional—they are foundational,” Wu stated.
Wendy Sun, Chief Brand Officer of BIT, explained that the company’s rebranding from Matrixport to BIT reflects its ambition to bridge traditional finance with digital assets. The new name encapsulates strategic meanings: Build on Integrity and Trust, Bridge Into Tomorrow, and Build It Together.
The event also featured insights from BIT’s inaugural Trust Whitepaper. Daniel Lee, CEO of Cactus Custody, detailed the firm’s integrated trust framework, whilst Chief Compliance Officer Christopher Liu elaborated on the application of these standards through SOC assurance reports and ISO-based security standards.
BIT, a global digital asset financial infrastructure and services group, manages over $6b in assets and facilitates more than $7b in monthly trading volume. With a presence in Singapore, Hong Kong, Switzerland, the UK, the US, and Bhutan, BIT continues to expand its influence in the digital finance sector.
