BIT

Digital Asset Financial Servicesbit.com

BIT is a Singapore-based, regulated digital asset financial services platform serving retail and institutional investors globally. It offers a unified account for crypto trading, U.S. equities via stablecoins, tokenized real-world assets, custody, and structured products across 12 licences in 7 jurisdictions.

Company typePrivate
Founded2019
HeadquartersSingapore, Singapore
Headcount1–10
GTM typeB2B and B2C
OfferingSoftware

What BIT does

BIT (formerly Matrixport) is a Singapore-headquartered digital asset financial services platform that serves both retail/sophisticated investors and institutional clients — including hedge funds, family offices, and Bitcoin miners — across more than seven jurisdictions. Founded in 2019 and rebranded to BIT in March 2026, the company operates a unified, multi-product stack delivered through the BIT mobile/web app and an Open API: 1,000+ spot and contract crypto trading pairs, 16,000+ U.S. equities and ETFs accessible via stablecoin funding with T+0 settlement, tokenized real-world assets (gold XAUm, silver XAGm, and U.S. Treasury bill token STBT) issued via the Matrixdock sub-brand, structured products (Dual-Currency, Sharkfin, Snowball, FCN, AQ/DQ), collateral loans, and a Strategy Platform offering 100+ systematic strategies.

The platform's core proprietary infrastructure centers on Cactus Custody — an in-house institutional custody solution holding 98% of assets in air-gapped cold vaults across Switzerland, Hong Kong, and Singapore, certified SOC 1 Type II, SOC 2 Type II, and ISO 27001, with HSM at FIPS 140-3 Level 3+ and MPC/TSS architecture. Institutional services layer on top: a Spot and Structured OTC desk handling block trades from $250K with multi-exchange hedging, algorithmic execution/MAM, a Prime Brokerage offering, and a dedicated mining financial platform providing equipment/power loans, hashrate forecasting, and miner liquidity.

BIT monetizes across four primary streams: transaction fees on crypto and U.S. stock trading, subscription-based yield products (Fixed Income, Dual-Currency, Balance+ Flexible Savings), managed services for custody, prime brokerage, and the Strategy Platform, and licensing/royalty-style fees on RWA tokenization. Distribution is hybrid — self-serve mobile/web for retail (with a 500 USDT welcome bonus driving acquisition), a dedicated institutional sales team with onboarding in as little as one day, Open API integration, and a channel network that includes DBS, SGB, and GLDB for fiat virtual account routing and a U.S.-licensed broker-dealer for compliant equity access via Matrix Gelephu Pte Ltd. The company reports $6B+ in assets under custody and management, $7B+ in monthly trading volume, and 12 regulatory licences across Singapore, Hong Kong, Switzerland, the U.K., the U.S., BVI, and Bhutan.

BIT firmographics

Firmographics

Name: BIT
Legal name: BIT Group
Website: https://bit.com
Company type: Private
Founded year: 2019
Operating status: Operating
Headcount range: 1–10 employees
Short description: BIT is a Singapore-based, regulated digital asset financial services platform serving retail and institutional investors globally. It offers a unified account for crypto trading, U.S. equities via stablecoins, tokenized real-world assets, custody, and structured products across 12 licences in 7 jurisdictions.
Ownership category
akta.pro rank

BIT industry classification

Industry

Product category: Digital Asset Financial Services
NAICS: Securities and Commodity Exchanges (52321), Open-End Investment Funds (525910), Other Financial Investment Activities (5239)
SIC: Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
akta.pro primary industry: Tokenized Real-World Assets & On-Chain Treasuries (tokenized T-bills, money markets, cash management) (FSAPAEAJ)
akta.pro secondary industries: Digital Asset/Crypto Trade Execution Platforms (FSAFANAO), Index-Tracking Funds, ETPs & Structured Index Products (Crypto) (FSADAHAC), Tokenized Treasury, Money Market & Cash Management Products (FSADAEAB), Options (Vanilla) — Venues, Market Makers & Protocols (FSADAGAC)

Keywords

Digital asset financial services
Crypto trading platform
Institutional custody solutions
Tokenized real-world assets
Crypto prime brokerage

Where BIT is headquartered

Location

Headquarters

HQ city: Singapore
HQ country: Singapore
HQ region: Asia

Offices7 records

Markets served

BIT business model

Business model

GTM type: B2B and B2C
Offering type: Software
Cost components: Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

Crypto Trading: Trading fees from 1,000+ spot and contract trading pairs. Competitive maker/taker rates with progressive VIP tiers. Institutional-grade order book depth.
Wealth Management Products: Fixed Income products with industry-leading APYs, structured products (Dual-Currency, Sharkfin, Smart Trend, Snowball, FCN, AQ/DQ), and collateral loans generating steady returns.
Custody Services: Institutional custody through Cactus Custody™ with segregation, compliance, and 24/7 monitoring.
Real-World Asset Tokenization: Tokenized assets including XAUm (gold), XAGm (silver), and STBT (U.S. Treasury bills) with management fees.
Strategy Platform: Access to systematic and data-driven strategies developed by internal team and external managers. Performance attribution and risk analytics services.
U.S. Stock Trading: Commission-free U.S. stock trading via stablecoins with flat platform fee. T+0 settlement with 24/7 instant deposits and withdrawals.
Institutional Prime Brokerage: Comprehensive prime brokerage including OTC desk with large-block trades from $250K without external wallets, algorithmic execution, and mining solutions.

Pricing tiers

Model	Billing	Price
Transaction based/ take rate	Pay-as-you-go	US Stock Trading
Subscription	Monthly	Balance+ Flexible Savings
Subscription	Annual	Fixed Income Products

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

BIT product offering

Product offering

Core offering

BIT operates a unified digital asset financial services platform that lets retail and institutional clients trade cryptocurrencies (1,000+ spot and contract pairs), invest in U.S. stocks (16,000+ securities) via stablecoin funding, and hold tokenized real-world assets including gold, silver, and U.S. Treasury bills. The platform combines proprietary institutional-grade custody (Cactus Custody™), prime brokerage, OTC trading, structured yield products, and a quantitative strategy platform under a single account accessible via mobile app, web, and Open API.

Product overview

BIT is a digital asset financial services platform offering a unified account for trading crypto, US stocks, and real-world assets. The platform operates as a platform-plus-modules architecture centered on the BIT App and Open API, with core trading services (Crypto Trading, US Stocks), yield products (Fixed Income, Dual Currency, Structured Products, Collateral Loan), strategy offerings (BIT Strategy Platform), and real-world assets (XAUm gold, XAGm silver, STBT treasury tokens via Matrixdock). Institutional services include Cactus Custody (cold storage), Prime Brokerage, Spot/Structured OTC, Algorithmic Execution, Mining Solutions, and the Matrixport Frontier Fund.

Differentiator

Problem solved

Functional benefit

Brands

Cactus Custody: Industry-leading digital asset custody solution with SOC 2 Type II and ISO 27001 certifications, providing institutional-grade cold and hot wallet infrastructure.
Matrixdock
Matrixport Technologies Ltd
BIT on Target

Products and services

Crypto Trading

Quantifiable outcome

7 years zero-loss operation since 2019 establishment
+3 more outcomes

Companies that use BIT

Customer profile

Named customers1 record

Segments3 records

Ideal customer profiles3 records

BIT technology and API

Technology

Technology focussed Yes

API detail

Has API: Yes
API docs
API detail

Core technology

AI maturity

App detail

Feature6 records

BIT partnerships and signals

Strategic signal

Partnerships

Eight partnerships are on record, tiered core.

Regulators, Financial Institutions, and Digital Asset FirmsOthers · 27 March 2026March 27, 2026 Singapore event on Trust and Institutional Digital Finance brought together regulators, global financial institutions, and digital asset firms to discuss trust, governance, and operational resilience. BIT presented its inaugural Trust Whitepaper.
Fly Wing Technologies Pte LtdcoreTechnology or IntegrationMAS MPI-licensed entity powering fiat OTC services. Partners with DBS, SGB, and GLDB for same-name Virtual Accounts enabling auto-identification and fast crediting for Euro and USD transactions.
DBScoreChannel Partner/ Reseller/ DistributorSingapore's largest bank providing same-name Virtual Account routing for fiat OTC, enabling clearer fund flow and faster settlement with reduced bank friction.
SGB (Singapore Government Bank)coreChannel Partner/ Reseller/ DistributorGovernment-backed banking partner providing same-name Virtual Account routing for fiat OTC services.
GLDB (GHS)coreChannel Partner/ Reseller/ DistributorBanking partner providing same-name Virtual Account routing for fiat OTC services with support for multiple currencies.
U.S.-Licensed Broker-DealercoreTechnology or IntegrationPartnership enabling compliant U.S. stock trading via stablecoin funding. Service offers 24/7 stablecoin deposits and withdrawals with T+0 settlement, covering U.S. stocks and ETFs.
Gelephu Mindfulness City (GMC), BhutancoreStrategic or Co-development PartnerBIT entities Matrix Gelephu Pte Ltd and Matrix Bhutan Pte Ltd hold Financial Services Licences from GFSO within GMC. GMC offers 0% corporate tax, no capital gains/dividend tax, and foreign talent tax exemptions through 2030.
DK Bank (GMC's Official Banking Partner)coreChannel Partner/ Reseller/ DistributorOfficial banking partner of Gelephu Mindfulness City guaranteeing corporate accounts for all licensed companies with support for 9 currencies and BTC-backed lending.

Scale indicators10 records

Recent moves7 records

Expansion highlights7 records

BIT competitors and assessment

Company assessment

Direct peers

Bitfinex / Tether: Long-standing crypto exchange closely tied to USDT issuance. Directly comparable to BIT in spot/derivatives trading and stablecoin liquidity provision.
Kraken: Global crypto exchange with institutional custody, staking and OTC. Competes with BIT across trading pairs, custody (Kraken Custody), and yield products.
FalconX: Institutional crypto prime brokerage and execution venue. Comparable to BIT's OTC desk, algorithmic execution, and large-block trading services for hedge funds and corporates.
Anchorage Digital: Federally chartered crypto bank offering institutional custody and trading. Comparable to BIT for institutional custody, staking, and regulated U.S. asset servicing.
Fireblocks: Institutional digital-asset custody and settlement network used by exchanges, hedge funds and fintechs. Directly comparable to Cactus Custody on the institutional custody side.
OKX: Global crypto exchange offering spot, derivatives, and Web3 wallet services. Closely comparable to BIT in product breadth across spot, contract trading, and structured yield.
Galaxy Digital: Institutional digital-asset platform spanning trading, lending, asset management and mining finance. Closely matches BIT's institutional prime brokerage, asset management, and mining-solutions offerings.
Coinbase: Largest U.S.-listed crypto exchange and institutional prime broker. Directly comparable to BIT across crypto spot/derivatives trading, institutional custody, and staking, though with deeper retail liquidity and a U.S. public-market balance sheet.
Crypto.com: Global crypto exchange, app and card issuer with institutional services. Comparable to BIT's retail app, crypto trading, and structured yield offerings.

Emerging players

Ondo Finance: Tokenized U.S. Treasuries and yield products (USDY, OUSG). Directly comparable to BIT's STBT tokenized T-bill and Matrixdock RWA suite, though focused specifically on fixed-income RWA tokenization.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

BIT compliance and trust

Trust signal

Compliance3 records

BIT financial estimates

Financial estimate

Revenue estimate

Valuation estimate

BIT leadership team

Management profile

Number of profiles

Profiles7 records

BIT subsidiaries and ownership

Company hierarchy

Subsidiaries4 records

BIT funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors19 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

BIT M&A and investment

M&A and investment

M&A1 record

Investments30 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BIT

What does BIT do?

Is BIT a public or private company?

BIT is a private company. It is classified as venture growth investor backed and is currently operating.

When was BIT founded?

BIT was founded in 2019. It employs 1 to 10 people.

Where is BIT based?

BIT is headquartered in Singapore, Singapore, in the Asia region.

How does BIT make money?

Seven revenue lines are on record. Crypto Trading is the primary driver. The others are wealth Management Products, custody Services, real-World Asset Tokenization, strategy Platform, U.S. Stock Trading and institutional Prime Brokerage.

Who are BIT's main competitors?

Direct peers on record are Bitfinex / Tether, Kraken, FalconX, Anchorage Digital, Fireblocks, OKX, Galaxy Digital, Coinbase and Crypto.com. Ondo Finance is listed as an emerging player.

Does BIT have an API?

Yes. BIT offers an Open API that provides direct access to the entire product suite including Fixed Income, Flexible Saving, Dual Currency, Structured Products, Strategy, Staking, Loans, Wallet, and Transfers. Free to integrate with dedicated end-to-end support team provided.

What industry is BIT in?

BIT's product category is Digital Asset Financial Services. Its primary akta.pro industry code is FSAPAEAJ, Tokenized Real-World Assets & On-Chain Treasuries (tokenized T-bills, money markets, cash management), with a secondary code of FSAFANAO, Digital Asset/Crypto Trade Execution Platforms. Its NAICS code is 52321 and its SIC code is 6199.