Matrixport Technologies Ltd has secured key regulatory approvals in the British Virgin Islands (BVI), allowing it to run regulated investment and virtual asset services in the jurisdiction, parent company BIT said on May 20, 2026.
Under the decision by the BVI Financial Services Commission, Matrixport obtained a SIBA Investment Business Licence, Category 2, for arranging deals in investments, as well as registration as a Virtual Asset Service Provider (VASP) under the BVI Virtual Asset Service Providers Act. The licences permit the firm to support regulated products and services for institutional and professional market participants in the BVI.
Scope of new approvals
The SIBA licence allows Matrixport to:
- Arrange deals in investments under the BVI Securities and Investment Business Act
- Offer specific regulated services to institutional and professional market participants
The VASP registration permits the company to:
- Conduct activities tied to virtual asset services within the BVI’s dedicated virtual asset framework
- Operate within a defined legal structure for digital asset business introduced by the VASP Act, which came into force in February 2023
Together, the approvals bring Matrixport’s BVI operations into line with the territory’s broader financial services regime, enabling more complex and structured offerings beyond simple spot trading.
Three-year push to meet regulatory standards
Matrixport said the authorisations cap almost three years of work with BVI regulators, during which the firm overhauled its governance, compliance, and risk management processes to meet international standards.
The new BVI registrations extend an already broad regulatory footprint across several financial centres, and are part of the company’s stated strategy to build onshore, regulated channels for digital asset exposure aimed at professional and institutional users.
According to Co‑Founder and CEO Ge, the evolution of digital asset markets is increasing the importance of governance and operational discipline, and platforms that can demonstrate regulatory clarity are best placed to attract more cautious, compliance-focused capital.
Company profile and scale
Founded in 2019 and headquartered in Singapore, Matrixport:
- Manages more than US$7 billion in assets
- Processes over US$7 billion in monthly trading volume
- Has paid out more than US$2 billion in cumulative interest
- Holds a valuation above US$1 billion
- Operates from seven offices worldwide
Its product suite includes:
- Custody and trading services
- Asset and wealth management
- Liquidity and financing solutions
- Tokenised real‑world asset products for institutional and professional clients globally
BIT’s wider regulatory footprint
BIT, Matrixport’s parent, operates under licences across multiple jurisdictions, including:
- Singapore
- Hong Kong
- Switzerland
- United Kingdom
- United States
- British Virgin Islands
- Bhutan
Key approvals include:
- Major Payment Institution licence in Singapore
- FINMA‑regulated Manager of Collective Assets permit in Switzerland
- Newly granted SIBA and VASP registrations in the BVI
This patchwork of licences positions BIT and Matrixport to serve regulated demand in both traditional financial hubs and emerging digital asset centres.
Market shift toward regulated digital asset infrastructure
The BVI licences arrive amid a broader structural shift in digital assets through 2026, as the sector moves away from a retail‑dominated model toward one shaped by regulation and institutional capital.
Global crypto exchange‑traded products have recorded net inflows of about US$87 billion since the start of 2024, signalling a strong move toward regulated vehicles for digital asset exposure.
For market participants, Matrixport’s expanded permissions in the BVI mean:
- Broader access to regulated products and services from a large global platform
- Greater availability of structured and compliant instruments enabled by the “arranging deals in investments” licence
- Additional options for trading and digital asset activity within a recognised regulatory framework
In the near term, activity is likely to concentrate on platforms that can demonstrate firm regulatory safeguards and operational transparency, as emphasis shifts from speculative momentum to the quality and compliance of underlying market infrastructure.
Explore how regulation shapes crypto by learning what KYC is and how it works in digital asset markets.
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