Matrixport
Matrixport (operating as BIT) is a Singapore-headquartered, Singapore-licensed digital asset financial services platform founded in 2019 that serves retail, professional, and institutional clients across 7 countries, offering unified crypto trading, US stock trading via stablecoins, tokenized real-world assets, lending, structured products, and proprietary institutional custody.
- Company typePrivate
- Founded2019
- HeadquartersSingapore, Singapore
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Matrixport does
Matrixport, operating under the consumer brand BIT, is a Singapore-headquartered digital asset financial services platform founded in 2019 that serves retail investors, professional investors, and institutional clients including family offices and hedge funds across 7 countries (Singapore, Hong Kong, Switzerland, UK, US, BVI, Bhutan). The company operates a unified account model enabling clients to trade cryptocurrencies (1,000+ spot and contract pairs), U.S. listed equities (16,000+ securities via stablecoin-funded NBBO access with T+0 settlement), and tokenized real-world assets including gold (XAUm), silver (XAGm), and U.S. Treasury Bills (STBT) through a single regulated platform.
The platform is built on proprietary technology including Cactus Custody™ — an in-house SOC 1 Type II and SOC 2 Type II certified custody solution with 98% of assets held in air-gapped cold vaults across Switzerland, Hong Kong, and Singapore, secured by FIPS 140-3 Level 3+ / CC EAL 4+ HSMs with MPC/TSS multi-signature protocols. Supporting product lines include Fixed Income and Balance+ yield products (powered by a real lending business), a Strategy Platform hosting 100+ quantitative strategies with real-time NAV, crypto-backed collateral loans, and structured products (Dual-Currency, Seagull, FCN, Sharkfin, Snowball) — Dual-Currency being pioneered by the company in 2019. Matrixport has maintained seven years of zero-loss operations, processes over $7 billion in monthly trading volume, and holds $6 billion+ in custody and asset management across 12 regulatory licenses.
The business model generates revenue through transaction-based trading fees (maker/taker with progressive VIP tiers, plus commission-free U.S. stock trading with flat platform fee), interest income from lending activities (Fixed Income locked APYs, Balance+ hourly compounding), structured product issuance, collateral loan interest, and managed custody services. Distribution is hybrid: self-serve product-led growth for retail via web and mobile app, combined with dedicated enterprise field sales covering Prime Brokerage, VIP Wealth Management, the Matrixport Frontier Fund, and institutional custody. The company is venture-backed and privately held, having raised approximately $138 million cumulatively including a $100 million Series C in 2021 led by C Ventures, DST Global, and K3 with participation from Tiger Global, Dragonfly, IDG Capital, and Polychain, and a $38 million round in 2023.
Matrixport firmographics
Firmographics- Name
- Matrixport
- Legal name
- BIT
- Website
- https://matrixport.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Matrixport (operating as BIT) is a Singapore-headquartered, Singapore-licensed digital asset financial services platform founded in 2019 that serves retail, professional, and institutional clients across 7 countries, offering unified crypto trading, US stock trading via stablecoins, tokenized real-world assets, lending, structured products, and proprietary institutional custody.
- Ownership category
- akta.pro rank
Matrixport industry classification
Industry- Product category
- Digital Asset Financial Services
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Centralized Crypto Lending Platforms (CeFi) (FSADAFAA)
- akta.pro secondary industries
- Treasury Management & Corporate Crypto Yield Programs (FSADAHAL), Crypto Borrowing & Margin Credit Facilities (FSADAFAC)
Keywords
Where Matrixport is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices3 records
Markets served
Matrixport business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- Trading Fees: Maker/taker fee structure with competitive rates and progressive VIP tiers for crypto and stock trading. Commission-free stock trading with flat platform fee.
- Interest Income from Lending: Earnings from real lending business powering Fixed Income and Balance+ products. Locks in APYs for locked terms while Balance+ offers anytime access with hourly compounding.
- Structured Products: Revenue from structured products including Dual-Currency, Seagull, FCN, AQ/DQ, Sharkfin, Smart Trend, Snowball, and BNPL products covering all market scenarios.
- Collateral Loans: Interest earned on fixed, flexible, and fixed income loans with competitive rates and auto top-up protection for borrowers.
- Custody Services: Institutional-grade custody services for digital assets including Bitcoin, Ethena, USDT, and tokenized real-world assets via Cactus Custody™.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Zero commission US stock trading with flat platform fee |
| Transaction based/ take rate | Pay-as-you-go | Progressive VIP tiers for crypto trading |
| Subscription | Monthly | Fixed Income - locked APY products |
| Subscription | Pay-as-you-go | Balance+ - flexible access with hourly compounding |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels3 records
Matrixport product offering
Product offeringCore offering
Matrixport (operating as BIT) is a unified digital asset financial services platform that enables users to trade cryptocurrencies across 1,000+ spot and contract pairs, invest in US-listed equities funded by stablecoins, hold tokenized real-world assets (gold, silver, US Treasury bills), and earn yield through structured products and collateralized lending — all from a single regulated account. The platform also provides institutional-grade services including Prime Brokerage, Cactus Custody, OTC trading, algorithmic execution, and quantitative strategy access through its Cactus Custody and Matrixdock subsidiaries.
Product overview
BIT (formerly Matrixport) operates as a unified digital asset financial services platform offering a comprehensive suite of products across crypto trading, US stock trading, structured products, and tokenized real-world assets. The platform architecture consists of the core BIT platform supporting crypto trading (1,000+ spot & contract pairs), US stock trading via stablecoins, and Fixed Income/Earn products, complemented by the Matrixdock sub-brand for tokenized RWAs (XAUm gold, XAGm silver, STBT treasury bills), and Cactus Custody for institutional-grade cold storage. Additional offerings include the Strategy Platform for quantitative investing, Collateral Loans for crypto-backed liquidity, and Prime Brokerage/OTC services for institutional clients. The platform manages over $6B in assets under custody, processes $7B+ monthly trading volume, and maintains 12 regulatory licenses across 7 countries including Singapore, Hong Kong, Switzerland, UK, US, BVI, and Bhutan.
Differentiator
Problem solved
Functional benefit
Brands
- Cactus Custody: Independently developed, industry-leading digital asset custody solution certified under SOC 1 Type II and SOC 2 Type II.
- Matrixdock
- Matrixport Frontier Fund
Products and services
- BIT Platform (Unified Digital Asset Account) Unified digital asset financial services platform enabling users to trade crypto, invest in US stocks, and hold tokenized real-world assets from a single regulated account, with $6B+ in custody and asset management and $7B+ monthly trading volume.
- Crypto Trading Crypto trading platform offering 1,000+ spot and contract trading pairs with institutional-grade order book depth, tight spreads, and competitive maker/taker rates with progressive VIP tiers.
- US Stock Trading via Stablecoins US equity trading service enabling users to trade US-listed equities (AAPL, TSLA, NVDA, AMZN, GOOG, META, NFLX and 16,000+ securities) using stablecoin funding, with 24/7 USDT/USDC deposits and T+0 settlement, full shareholder rights, and zero-commission structure.
- Fixed Income / Earn (Fixed Income and Balance+) Earn products providing steady returns powered by BIT's real lending business, including Fixed Income (locked APYs for full term) and Balance+ (anytime access with hourly compounding).
- BIT Strategy Platform Institutional quantitative strategy portal offering 100+ systematic and data-driven strategies spanning arbitrage, market-neutral, and multi-asset programs with 10-minute real-time NAV updates, counterparty disclosure, and Sharpe/Sortino/Max Drawdown metrics.
- XAUm (Tokenized Gold) Tokenized gold backed by 99.99% purity LBMA gold, each token representing 1 troy oz stored in reputable vaults in Asia with physical redemption options.
- XAGm (Tokenized Silver) Tokenized silver backed by 99.9% purity LBMA-accredited Good Delivery silver bars stored in reputable vaults in Asia, each token representing one fine troy ounce.
- STBT (Treasury Token) U.S. Treasury Bills token backed 1:1 to USD, offering low volatility and correlation diversification for digital asset portfolios.
- Collateral Loan Crypto-backed loan service offering Fixed Loan (locked rates), Flexible Loan (no-term, no-fee), and Fixed Income Loan options, with real-time monitoring and optional auto top-up protection.
- Cactus Custody Institutional-grade digital asset custody solution certified under SOC 1 Type II and SOC 2 Type II, with 98% of assets in air-gapped cold vaults across Switzerland, Hong Kong, and Singapore, HSMs at FIPS 140-3 Level 3+ / CC EAL 4+, and MPC/TSS multi-sig across distributed vaults.
- Prime Brokerage Institutional prime brokerage services for professional digital asset trading and custody needs, including dedicated Spot OTC, Structured OTC, Algorithmic Execution MAM, and Frontier Fund access.
- Matrixport Frontier Fund Investment fund offering institutional-grade digital asset investment opportunities through frontier fund strategies in the digital asset space.
- Matrixdock Tokenization Platform Platform for tokenized real-world assets including XAUm (gold), XAGm (silver), and STBT (U.S. Treasury Bills), each backed 1:1 by physical assets or instruments stored in reputable vaults.
- Dual-Currency Structured Product Structured product pioneered by BIT in 2019, providing new yield for digital assets by enabling users to express market views in bull, bear, and sideways scenarios with built-in risk control through dual-currency investment structures.
- OTC Trading OTC trading desk offering 24/7 live quotes with institutional-grade settlement for large-volume trades, serving institutional and high-net-worth clients requiring block execution.
Quantifiable outcome
- Zero-loss operation for 7 consecutive years
- +3 more outcomes
Companies that use Matrixport
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
Matrixport technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Matrixport partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Anchorage Digital BankcoreAnchorage Digital Bank serves as institutional custody provider for Mega Matrix Inc.'s digital asset treasury strategy, holding approximately $5.8 million in Bitcoin, Ethena, and USDT alongside Matrixport Cactus Custody.
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
Matrixport competitors and assessment
Company assessmentDirect peers
- Amber Group: Asia-headquartered digital asset financial services platform offering trading, lending, structured products, and wealth management to institutional and professional clients — directly overlapping with BIT/Matrixport's institutional CeFi franchise.
- Babel Finance: Hong Kong-headquartered crypto financial services firm historically focused on institutional lending, trading, and structured products for digital assets — a direct CeFi competitor despite recent operational restructuring.
- Galaxy Digital: Institutional crypto financial services platform offering trading, lending, asset management, and tokenization — a comparable full-stack CeFi platform targeting institutional and qualified investor segments.
- Nexo: Global CeFi lending and wealth management platform offering crypto-backed loans, yield products, and trading — overlapping with BIT's Fixed Income, Balance+, and Collateral Loan products.
Broad incumbents
- Coinbase: Largest US-regulated crypto exchange and custodian offering spot trading, derivatives, staking, custody, and institutional prime brokerage — a much larger incumbent with overlapping products but broader consumer focus.
- OKX: Global crypto exchange offering spot and derivatives trading, structured products, and wallet services — broad incumbent with overlapping trading and structured product offerings, though without BIT's US equity integration.
- Anchorage Digital: Federally chartered US crypto custodian and institutional platform offering custody, trading, and staking — overlapping with Cactus Custody and BIT's institutional prime brokerage offering.
- Paxos: US-regulated digital asset infrastructure platform offering custody, tokenization (USDP, PYUSD), and brokerage services — comparable institutional infrastructure with strong overlap in tokenized RWAs and custody.
Regional players
- HashKey Group: Hong Kong-headquartered licensed digital asset platform with exchange, brokerage, custody, and tokenization — regional peer competing in the same Asia institutional and retail CeFi markets as BIT.
- OSL: Hong Kong and Singapore licensed digital asset platform offering brokerage, custody, and SaaS services — regional competitor operating under comparable SFC/MAS regulatory frameworks.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Matrixport social profiles
Digital presenceMatrixport compliance and trust
Trust signalCompliance13 records
Matrixport financial estimates
Financial estimateRevenue estimate
Valuation estimate
Matrixport leadership team
Management profileNumber of profiles
Matrixport subsidiaries and ownership
Company hierarchySubsidiaries5 records
Matrixport funding detail
Funding detailFunding overview
Funding rounds6 records
Investors19 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Matrixport M&A and investment
M&A and investmentM&A1 record
Investments30 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Matrixport
What does Matrixport do?
Matrixport (operating as BIT) is a unified digital asset financial services platform that enables users to trade cryptocurrencies across 1,000+ spot and contract pairs, invest in US-listed equities funded by stablecoins, hold tokenized real-world assets (gold, silver, US Treasury bills), and earn yield through structured products and collateralized lending — all from a single regulated account. The platform also provides institutional-grade services including Prime Brokerage, Cactus Custody, OTC trading, algorithmic execution, and quantitative strategy access through its Cactus Custody and Matrixdock subsidiaries.
Is Matrixport a public or private company?
Matrixport is a private company. It is classified as venture growth investor backed and is currently operating.
When was Matrixport founded?
Matrixport was founded in 2019. It employs 1 to 10 people.
Where is Matrixport based?
Matrixport is headquartered in Singapore, Singapore, in the Asia region.
How does Matrixport make money?
Five revenue lines are on record. Trading Fees are the primary driver. The others are interest Income from Lending, structured Products, collateral Loans and custody Services.
Who are Matrixport's main competitors?
Direct peers on record are Amber Group, Babel Finance, Galaxy Digital and Nexo. Broad incumbents are Coinbase, OKX, Anchorage Digital and Paxos. Regional players are HashKey Group and OSL.
Does Matrixport have an API?
No public API is recorded for Matrixport.
What industry is Matrixport in?
Matrixport's product category is Digital Asset Financial Services. Its primary akta.pro industry code is FSADAFAA, Centralized Crypto Lending Platforms (CeFi), with a secondary code of FSADAHAL, Treasury Management & Corporate Crypto Yield Programs. Its NAICS code is 523 and its SIC code is 6200.