Matrixport Technologies Ltd has received two key approvals from the British Virgin Islands (BVI) Financial Services Commission, allowing it to run regulated investment and digital asset activities under the territory’s formal legal framework.
The company has been granted:
- a SIBA investment business licence, category 2 – arranging deals in investments, under the BVI securities and investment business act; and
- registration as a virtual asset service provider (VASP) under the BVI VASP act.
These approvals permit Matrixport to arrange investment transactions and provide regulated digital asset services, including trading and custody, under direct oversight from the BVI regulator.
what the licences enable
With the dual authorisations, Matrixport can:
- structure and arrange investment deals within the BVI’s securities regime
- operate digital asset services such as exchanges and custody under the VASP framework
- offer compliant, institutional- and professional-grade market services backed by clear rules on conduct, risk management, and client protection.
The new approvals expand the group’s regulated footprint and align its BVI operations with internationally recognised standards, including anti-money laundering and counter‑financing of terrorism requirements.
three-year process to secure approval
Chief executive officer Ge said the licensing process took nearly three years of preparation and dialogue with BVI regulators.
The BVI clearances add to a wider strategy of building a network of regulated entities across multiple jurisdictions, as digital asset firms seek legal certainty to support larger-scale and more risk‑sensitive market participants.
company profile and scale
Founded in 2019 and headquartered in Singapore, BIT – formerly known as Matrixport – has grown into a global digital finance platform with:
- a valuation above US$1 billion
- over US$7 billion in assets under management
- monthly trading volumes exceeding US$7 billion
- cumulative interest payments to clients of more than US$2 billion.
BIT offers custody, trading, asset and wealth management, liquidity and financing solutions, and tokenised real‑world asset products to institutional and professional clients worldwide.
global regulatory footprint
The group now holds licences and approvals across several major financial centres, including:
- Singapore – major payment institution licence
- Switzerland – FINMA authorisation as a manager of collective assets
- Hong Kong, the United Kingdom, the United States, the British Virgin Islands, and Bhutan – various regulatory permissions, including its latest BVI licences.
BIT has been listed in the Hurun 2024 global unicorn index and the 2025 Singapore fintech unicorn list.
regulation amid crypto market turbulence
The BVI approvals come as digital asset markets face renewed volatility and risk reduction.
- Bitcoin has retreated from about US$82,000 to below US$77,000 in a four‑day losing streak.
- U.S. spot Bitcoin ETFs have seen net outflows, ending a six‑week run of inflows.
- In one 24‑hour period this week, around US$657 million in positions were liquidated, most of them longs.
These moves reflect a broader risk‑off tone across financial markets, driven by persistent global inflation pressures and geopolitical uncertainty, which has made traders more cautious.
mixed market signals
Despite the pullback, price action remains uneven. On 19 May, 280 tokens rose while 110 declined, showing that selective strength persists even as headline sentiment softens.
In this split environment, market participants are placing greater emphasis on operational resilience, regulatory status, and compliance standards when choosing service providers.
why regulatory clarity matters now
As large pools of capital navigate uncertain macro conditions, platforms operating within jurisdictions that enforce strict anti‑money laundering and counter‑terrorism financing rules may gain an edge.
Matrixport’s move to formalise its BVI presence under a clear, enforceable regime positions the firm to appeal to clients that prioritise legal certainty, risk management, and continuity of service during periods of market stress.
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