Singapore-based digital asset firm Matrixport formally rebranded as BIT on March 20, 2026, consolidating its global operations under a single brand and publishing a governance framework document aimed at institutional clients. Alongside the rebrand, the firm disclosed plans to explore a possible listing on U.S. capital markets, marking a new phase of development for one of Singapore’s highest-profile digital asset unicorns.
Key Facts At A Glance
- Matrixport officially rebranded as BIT on March 20, 2026, with all global operations now operating under the new name
- The firm simultaneously published the BIT 2026 Trust Whitepaper, disclosing its governance, risk management, and compliance frameworks for the first time in a structured public document
- BIT manages over US$6 billion in assets under management and facilitates more than US$7 billion in monthly trading volume, with cumulative interest payments to clients exceeding US$2 billion
- The firm holds a Major Payment Institution licence from the Monetary Authority of Singapore and a FINMA-issued collective asset management licence in Switzerland, with regulated entities also in Hong Kong, the United Kingdom, the United States, and Bhutan
- BIT is exploring potential U.S. capital markets opportunities, including a possible public listing
- The firm was founded in 2019 by Jihan Wu, co-founder of Bitmain Technologies, and John Ge, formerly Bitmain’s executive director; it reached unicorn status in 2021
- BIT is recognized on the Hurun 2024 Global Unicorn Index and the 2025 Singapore FinTech Unicorn List, with a valuation exceeding US$1 billion
The Rebrand And Its Rationale
Singapore-headquartered Matrixport announced on March 20, 2026 that it has rebranded as BIT, with the firm describing the move as reflecting its continued development in digital asset financial infrastructure and services. The company stated that existing client accounts, products, services, legal entities, and contractual arrangements would remain unchanged.
The rebrand marks the next phase of the firm’s development as digital asset markets continue to mature and participation expands across institutions and individual investors globally. Institutional participation in particular has increased demand for stronger governance, operational controls, and financial infrastructure across the digital asset sector.
CEO John Ge framed the transition in governance terms. Ge stated that the digital asset industry is entering a new phase where governance capability and compliant operations are increasingly critical, and that the BIT brand more clearly reflects the company’s current business positioning and strategic direction.
The name itself carries deliberate meaning. The acronym BIT stands for “Bridge into Tomorrow,” intended to reflect the firm’s role in connecting the existing financial system with the future of digital markets.
Governance Framework And The Trust Whitepaper
The rebrand was accompanied by the publication of the BIT 2026 Trust Whitepaper, a document the firm described as a first-of-its-kind structured disclosure. The paper provides a structured overview of the firm’s governance, compliance, and operational foundations, intended to give institutional clients and partners a verifiable basis for trust.
BIT stated that through robust governance, technological expertise, and compliant operations, the firm bridges traditional finance and digital asset markets, serving institutional and professional investors worldwide with offerings spanning trading, custody, asset management, liquidity solutions, and financing, including on-chain tokenization and the application of real-world assets.
The publication of a formal governance document is consistent with a broader trend across the digital asset sector, where institutional participants, regulators, and prospective public market investors increasingly require verifiable disclosures. Institutional participation in digital asset markets has grown significantly, driven by clearer regulatory frameworks emerging across Singapore, Hong Kong, and other jurisdictions.
Scale, Licensing, And Regulatory Footprint
BIT’s disclosed operational scale positions it among the larger regulated digital asset platforms based in Southeast Asia. Headquartered in Singapore with seven offices worldwide, BIT manages over US$6 billion in assets and facilitates more than US$7 billion in monthly trading volume, with cumulative interest payments exceeding US$2 billion.
The firm maintains a licensed and regulated presence across Singapore, Hong Kong, Switzerland, the United Kingdom, the United States, and Bhutan. This includes a Major Payment Institution licence in Singapore and a FINMA-licensed Manager of Collective Assets in Switzerland.
U.S. Listing Ambitions
As part of its next phase, the Singapore-headquartered firm is exploring potential U.S. capital markets opportunities, including a possible public listing. The firm did not specify a timeline or mechanism for any such listing, and no formal filings or mandates have been publicly disclosed as of the date of this report.
The potential U.S. listing ambition follows a pattern seen among other Singapore-licensed digital asset firms that have pursued or completed public listings on American exchanges in recent years, including Bitdeer Technologies Group, which is also connected to co-founder Jihan Wu. Publicly available information does not confirm that BIT has formally engaged advisers or filed any preliminary documentation with U.S. regulators at this stage.
Background And Founding
In February 2019, Jihan Wu and John Ge launched Matrixport in Singapore as a digital asset management platform, departing from Bitmain Technologies following that company’s failed Hong Kong IPO attempt and a prolonged internal dispute between its founding shareholders.
Wu spun Matrixport off from Bitmain in 2019 after the world’s largest maker of Bitcoin mining rigs ran into a cash crunch. Wu now serves as chairman of BIT, with Ge as chief executive officer. The firm reached unicorn status in 2021 following a Series C funding round led by DST Global, C Ventures, and K3 Ventures.