BIT Secures Key BVI Licenses, Bolstering Institutional Crypto Trust

SINGAPORE – May 20, 2026 – Digital asset financial group BIT has solidified its global regulatory standing, announcing today that its entity, Matrixport Technologies Ltd, has secured pivotal approvals from the British Virgin Islands Financial Services Commission (BVI FSC). The move, which includes a SIBA Investment Business Licence and a Virtual Asset Service Provider (VASP) registration, represents a significant stride in the company's mission to bridge the gap between traditional finance and the burgeoning digital asset economy for institutional clients.

The approvals authorize Matrixport Technologies Ltd to arrange deals in investments and conduct a full suite of regulated virtual asset services from the internationally recognized financial hub. This development is not merely a procedural step but the culmination of a nearly three-year-long engagement with BVI regulators, underscoring a deep investment in governance and compliance that is becoming a critical differentiator in the digital asset sector.

A Strategic Move in a Maturing Market

The timing and nature of these approvals signal a broader maturation across the digital asset landscape. As the industry moves past its speculative infancy, institutional and professional investors are increasingly demanding regulatory clarity, robust operational controls, and partners who operate within established legal frameworks. BIT's successful licensure in the BVI is a direct response to this demand.

"This approval represents an important step forward in BIT's journey to build trusted, compliant, and institutional-grade digital asset infrastructure," stated John Ge, Co-Founder and CEO of BIT. "As digital asset markets continue to mature, regulatory clarity, governance, and operational discipline are becoming increasingly important. We remain committed to building our platform responsibly and sustainably, while supporting the evolving needs of institutional, professional, and qualified investors in permitted jurisdictions."

The three-year preparatory period for this approval highlights the significant resources and commitment required to achieve regulatory legitimacy. For companies like BIT, the cost and effort of compliance are viewed as a long-term investment in building a sustainable and trustworthy business, setting a high bar for competitors and fostering confidence among sophisticated market participants.

Demystifying the BVI's Regulatory Framework

The British Virgin Islands has been strategically positioning itself as a premier jurisdiction for fintech and digital asset companies. Rather than offering a regulatory vacuum, the BVI has developed a sophisticated legal framework designed to attract reputable firms while adhering to international standards.

The VASP Registration, granted under the BVI's Virtual Asset Service Providers Act of 2023, is a key component of this strategy. The Act aligns the BVI with global standards, including the Financial Action Task Force (FATF) recommendations, by mandating stringent Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) protocols. For BIT, this registration allows it to legally provide services such as the exchange between virtual assets and fiat currencies, crypto-to-crypto exchanges, and custodial services within a recognized and compliant structure.

Complementing this is the SIBA Investment Business Licence (Category 2 – Arranging Deals in Investments). This license empowers Matrixport Technologies Ltd to facilitate investment deals, creating a regulated pathway for institutional clients to access opportunities that bridge both traditional securities and digital assets. Together, these licenses provide a comprehensive regulatory umbrella for the institutional-grade services BIT aims to offer from the jurisdiction.

Building a Global Regulatory Fortress

This latest approval is a crucial block in the global regulatory fortress BIT has been methodically constructing since its inception in 2019. The BVI licenses do not exist in isolation; they are part of a multi-jurisdictional strategy that provides the firm with operational resilience and a diverse range of regulated service offerings. BIT's global licensed footprint now includes:

• Singapore: A Major Payment Institution (MPI) licence for its subsidiary, enabling digital payment token services.
• Switzerland: A FINMA license as a Manager of Collective Assets, a gold standard for institutional asset management in Europe.
• Hong Kong: Trust or Company Service Provider (TCSP) and Money Lender licenses.
• United States: Registration as a Money Services Business (MSB).

This intricate web of licenses across key financial centers in Asia, Europe, and the Americas, now bolstered by a strategic offshore presence in the BVI, provides BIT with a distinct competitive advantage. It allows the firm to cater to a global client base with varying regulatory needs and preferences, differentiating it from platforms operating in legal gray areas.

The Institutional Imperative

For the institutional and professional investors that constitute BIT's core clientele, regulatory compliance is not an optional extra—it is a fundamental requirement. These clients, including asset managers, hedge funds, and family offices, operate under strict fiduciary duties and risk management mandates that preclude them from engaging with unregulated entities. By securing licenses in respected jurisdictions like the BVI, BIT directly addresses this primary concern, unlocking access to vast pools of institutional capital that have remained on the sidelines of the digital asset market.

The BVI's long-standing reputation as a stable and reliable offshore financial center, combined with its modern digital asset legislation, creates an ideal environment for these activities. For institutional investors, operating through a BVI-regulated entity provides legal certainty, asset protection, and operational efficiency within a familiar common law framework.

As a financial services group managing over US$7 billion in assets and facilitating more than US$7 billion in monthly trading volume, BIT's scale already places it firmly in the institutional category. The BVI approvals serve to legitimize and reinforce this position, ensuring that as the digital asset market continues its inevitable integration with mainstream finance, BIT is poised to be a leading and trusted financial infrastructure provider.