BIT (formerly Matrixport) Overview
Pro stress-test →Founded in 2019, Matrixport is a leading global digital asset financial services platform that bridges traditional finance and the digital asset world through technology and compliance. Matrixport rebranded as BIT in March 2026, reflecting the firm's continued development in digital asset financial infrastructure and services. The company has grown into a unicorn enterprise valued at over $1 billion and has established a compliant presence in major financial markets, including Singapore, Hong Kong, Switzerland, the United Kingdom, and the United States.
Strategic Profile
Pro stress-test →The company's 2026 plan is to become a fintech bridge between Web3 and traditional finance, marking the official unveiling of Matrixport's 2026 strategic blueprint as it expands beyond specialized crypto-financial services toward a next-generation fintech platform. The Singapore-headquartered firm is exploring potential U.S. capital markets opportunities, including a possible public listing. The platform has grown to manage combined assets under management and custody exceeding $7 billion, monthly trading volume surpassing $7 billion, and cumulative interest paid exceeding $2 billion.
Competitive Landscape
Pro stress-test →Top competitors include Consensys, Coins.ph and Luno. BIT competes in the institutional crypto custody and wealth management segment alongside specialized players like BitGo, Fireblocks, and Anchorage Digital. The company's differentiation centers on regulatory licensing across multiple jurisdictions, institutional asset scale ($7B+ AUM), and expanded TradFi integration through U.S. equity access—positioning it as a more regulated, infrastructure-focused competitor versus pure-play trading platforms.
Industry Context
BIT (formerly Matrixport) operates in Cryptocurrency institutional financial services.
Key facts
Founded: 2019 · Headquarters: Singapore, SG · Employees: 237 · Revenue: N/A · Market cap: N/A