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Matrixport Technologies Ltd receives approval for a SIBA Investment Business Licence and VASP Registration in the British Virgin Islands
SINGAPORE, May 20, 2026 /PRNewswire/ -- BIT today announced that Matrixport Technologies Ltd has received approval from the British Virgin Islands Financial Services Commission for a SIBA Investment Business Licence, Category 2 – Arranging Deals in Investments, and a Virtual Asset Service Provider registration under the BVI Virtual Asset Service Providers Act.
The approvals mark an important milestone in BIT's continued development as a digital asset financial services platform, strengthening the regulatory framework supporting its institutional and professional market activities.
Under the approved licences, Matrixport Technologies Ltd is authorised to:
- Conduct regulated investment business activities involving the arranging of deals in investments under the BVI Securities and Investment Business Act (SIBA), supporting institutional and professional market activities, and broader regulated financial services activities within the approved licensing scope; and
- Conduct regulated virtual asset service activities under the BVI VASP framework, strengthening BIT's ability to operate within a recognised regulatory framework for digital asset services.
"This approval represents an important step forward in BIT's journey to build trusted, compliant, and institutional-grade digital asset infrastructure," said John Ge, Co-Founder and CEO of BIT. "As digital asset markets continue to mature, regulatory clarity, governance, and operational discipline are becoming increasingly important. We remain committed to building our platform responsibly and sustainably, while supporting the evolving needs of institutional, professional, and qualified investors in permitted jurisdictions."
The approval follows close to three years of regulatory engagement and preparation, reflecting BIT's ongoing investment in governance, risk management, compliance, and operational infrastructure.
Disclaimer This release is for informational purposes only and does not constitute an offer to sell or solicitation to buy any financial product or service. The services herein are available only to eligible persons in permitted jurisdictions and are subject to applicable laws and regulations.
About BIT (formerly Matrixport)
BIT (formerly Matrixport) is a global digital asset financial infrastructure and services group focused on building long-term financial infrastructure for modern investors. Built on integrity and trust, BIT bridges traditional finance and digital assets through disciplined governance, advanced technology and regulatory compliance.
Founded in 2019, BIT has grown into a unicorn with a valuation exceeding US$1 billion. Headquartered in Singapore with seven offices worldwide, BIT manages over US$7 billion in assets and facilitates more than US$7 billion in monthly trading volume, with cumulative interest payments exceeding US$2 billion.
BIT offers digital financial services including custody, trading, asset and wealth management, liquidity and financing solutions, and tokenised real-world assets (RWA), serving institutional and professional investors globally.
BIT Group entities maintain a licensed and regulated footprint across Singapore, Hong Kong, Switzerland, the United Kingdom, the United States, the British Virgin Islands and Bhutan, including a Major Payment Institution licence in Singapore, a FINMA-licensed Manager of Collective Assets in Switzerland, as well as a SIBA Investment Business Licence and VASP Registration in the British Virgin Islands. BIT has been recognised on the Hurun 2024 Global Unicorn Index and the 2025 Singapore FinTech Unicorn List.
Matrixport Technologies Ltd receives approval for a SIBA Investment Business Licence and VASP Registration in the British Virgin Islands
SINGAPORE, May 20, 2026 /PRNewswire/ -- BIT today announced that Matrixport Technologies Ltd has received approval from the British Virgin Islands Financial Services Commission for a SIBA Investment Business Licence, Category 2 – Arranging Deals in Investments, and a Virtual Asset Service Provider registration under the BVI Virtual Asset Service Providers Act.
The approvals mark an important milestone in BIT's continued development as a digital asset financial services platform, strengthening the regulatory framework supporting its institutional and professional market activities.
Under the approved licences, Matrixport Technologies Ltd is authorised to:
- Conduct regulated investment business activities involving the arranging of deals in investments under the BVI Securities and Investment Business Act (SIBA), supporting institutional and professional market activities, and broader regulated financial services activities within the approved licensing scope; and
- Conduct regulated virtual asset service activities under the BVI VASP framework, strengthening BIT's ability to operate within a recognised regulatory framework for digital asset services.
"This approval represents an important step forward in BIT's journey to build trusted, compliant, and institutional-grade digital asset infrastructure," said John Ge, Co-Founder and CEO of BIT. "As digital asset markets continue to mature, regulatory clarity, governance, and operational discipline are becoming increasingly important. We remain committed to building our platform responsibly and sustainably, while supporting the evolving needs of institutional, professional, and qualified investors in permitted jurisdictions."
The approval follows close to three years of regulatory engagement and preparation, reflecting BIT's ongoing investment in governance, risk management, compliance, and operational infrastructure.
Disclaimer This release is for informational purposes only and does not constitute an offer to sell or solicitation to buy any financial product or service. The services herein are available only to eligible persons in permitted jurisdictions and are subject to applicable laws and regulations.
About BIT (formerly Matrixport)
BIT (formerly Matrixport) is a global digital asset financial infrastructure and services group focused on building long-term financial infrastructure for modern investors. Built on integrity and trust, BIT bridges traditional finance and digital assets through disciplined governance, advanced technology and regulatory compliance.
Founded in 2019, BIT has grown into a unicorn with a valuation exceeding US$1 billion. Headquartered in Singapore with seven offices worldwide, BIT manages over US$7 billion in assets and facilitates more than US$7 billion in monthly trading volume, with cumulative interest payments exceeding US$2 billion.
BIT offers digital financial services including custody, trading, asset and wealth management, liquidity and financing solutions, and tokenised real-world assets (RWA), serving institutional and professional investors globally.
BIT Group entities maintain a licensed and regulated footprint across Singapore, Hong Kong, Switzerland, the United Kingdom, the United States, the British Virgin Islands and Bhutan, including a Major Payment Institution licence in Singapore, a FINMA-licensed Manager of Collective Assets in Switzerland, as well as a SIBA Investment Business Licence and VASP Registration in the British Virgin Islands. BIT has been recognised on the Hurun 2024 Global Unicorn Index and the 2025 Singapore FinTech Unicorn List.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
BIT Expands Regulatory Footprint with BVI FSC Approval for Matrixport Technologies Ltd
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SINGAPORE, May 20, 2026 /PRNewswire/ -- At ATxSummit 2026, hosted by the Infocomm Media Development Authority of Singapore (IMDA), Minister for Digital Development and Information Mrs Josephine Teo unveiled new global partnerships and initiatives to strengthen Singapore's position as a leading AI hub. These announcements mark a shift from exploring AI tools to building, deploying and governing real-world AI systems that deliver impact. As recently highlighted by the Economic Strategic Review committee, Singapore aims to be a trusted hub to develop, test and deploy AI solutions that solve real-world problems at scale.
Singapore Government and eight industry leaders to research, test and deploy physical AI in Punggol Digital District
IMDA, JTC and the Singapore Institute of Technology (SIT) are collaborating with eight industry leaders to bring physical AI into the real world at Punggol Digital District (PDD). Launching later in 2026, the testbed will be Singapore's first scaled mixed-use public space for multi-use case and multi-operator physical AI deployments. Certis, DHL, Grab and QuikBot will be among the first to co-design, deploy, test and validate commercially viable robotics services, including food and parcel delivery, cleaning and security patrolling, to complement human operations. The testbed is facilitated with the Land Transport Authority (LTA) through a precinct-level exemption framework under the Active Mobility Act.
To strengthen Singapore's embodied AI (EAI) capabilities, IMDA and National Robotics Programme (NRP) will work with FieldAI and Thoughtworks, alongside companies like Slamtec, Unitree, and QuikBot, to develop and trial EAI use cases through SIT's new Centre for Intelligent Robotics at PDD.
Strengthening Singapore's AI Research Frontier
To sharpen Singapore's manufacturing advantage, NVIDIA is launching its Singapore AI research lab, its second research presence in Asia Pacific, focused on embodied and efficient AI with university researchers, industry partners, and government.
The lab will focus on two domains with manufacturing potential: Embodied AI, enabling intelligent systems to perceive, reason and act in the physical world, and Efficient AI computing, which optimises models and infrastructure to reduce compute costs, improve energy efficiency and support scalable AI deployment.
Accelerating AI for Public Good: New Industry Partnerships
The Ministry of Digital Development and Information (MDDI) and Google announced a new National AI partnership to expand collaboration with the Singapore Government. The partnership aims to harness frontier AI to address societal challenges, fostering an AI-ready workforce in Singapore, and creating a secure, trusted ecosystem.
MDDI and OpenAI signed a Memorandum of Understanding (MOU) on the "OpenAI for Singapore" initiative to strengthen Singapore as a hub for applied AI innovation. The MOU covers advancing applied AI innovation, building AI talent, and making AI accessible to citizens, enterprises and the public sector, backed by OpenAI's over S$300 million commitment to Singapore's AI ecosystem.
Building the foundations for trusted, scalable AI deployment
Singapore is advancing ecosystem-wide initiatives to support AI adoption in high-trust sectors like finance and the public sector, where reliability, governance and safety are critical.
Temus, a Temasek-established AI and digital transformation firm, will launch an AI Foundry to help enterprises scale AI solutions and develop talent pipelines. Supported by Digital Industry Singapore (DISG), the Foundry will hire 50 professionals and deploy them on enterprise projects including financial services and precision health.
A*STAR Institute for Infocomm Research (A*STAR I2R) is updating the MERaLiON (Multimodal Empathetic Reasoning and Learning in One Network) AI Model to advance capabilities, drive real-world use cases, and scale adoption. The updated MERaLiON AudioLLM v3 will deliver paralinguistic intelligence across Southeast Asian languages. MERaLiON will be available through cloud hosting, API access, and edge computing, including Apple silicon devices such as Mac and iPad.
Governance that keeps pace with AI
Singapore continues to take a practical, risk-based approach. Two initiatives reflected this approach:
- Updated Model AI Governance Framework for Agentic AI: First launched at the World Economic Forum in January 2026, the Model AI Governance Framework for Agentic AI ("MGF") has been updated with real-world case studies and new best practices contributed by over 50 organisations.
- Google Whitepaper on AI Agents: Google worked with CSA, GovTech Singapore, and IMDA to explore how AI agents can be safely and effectively used in the real world. The resulting Whitepaper provides guidance for governments looking to harness AI agents for public good.
As Singapore grows its AI ecosystem, these initiatives will help translate innovation to real-world impact, strengthening Singapore's position as a trusted global AI hub where businesses, researchers and governments can develop, test and deploy AI solutions at scale.
Minister for Digital Development and Information Mrs Josephine Teo attended an ASEAN-US AI Ministerial Roundtable on the sidelines of ATxSummit today. Bringing together ASEAN Digital Ministers, the ASEAN Secretariat, the US government, and industry leaders from Amazon and Google, the Roundtable marked the launch of "The Road to 50 Years of ASEAN-US Relations" under the ASEAN-US Comprehensive Strategic Partnership. Discussions centred on inclusive AI adoption across the region.
For more information on ATxSG, please visit asiatechxsg.com.
Media: atxsg.imda@archetype.co
SINGAPORE, May 20, 2026 /PRNewswire/ -- At ATxSummit 2026, hosted by the Infocomm Media Development Authority of Singapore (IMDA), Minister for Digital Development and Information Mrs Josephine Teo unveiled new global partnerships and initiatives to strengthen Singapore's position as a leading AI hub. These announcements mark a shift from exploring AI tools to building, deploying and governing real-world AI systems that deliver impact. As recently highlighted by the Economic Strategic Review committee, Singapore aims to be a trusted hub to develop, test and deploy AI solutions that solve real-world problems at scale.
Singapore Government and eight industry leaders to research, test and deploy physical AI in Punggol Digital District
IMDA, JTC and the Singapore Institute of Technology (SIT) are collaborating with eight industry leaders to bring physical AI into the real world at Punggol Digital District (PDD). Launching later in 2026, the testbed will be Singapore's first scaled mixed-use public space for multi-use case and multi-operator physical AI deployments. Certis, DHL, Grab and QuikBot will be among the first to co-design, deploy, test and validate commercially viable robotics services, including food and parcel delivery, cleaning and security patrolling, to complement human operations. The testbed is facilitated with the Land Transport Authority (LTA) through a precinct-level exemption framework under the Active Mobility Act.
To strengthen Singapore's embodied AI (EAI) capabilities, IMDA and National Robotics Programme (NRP) will work with FieldAI and Thoughtworks, alongside companies like Slamtec, Unitree, and QuikBot, to develop and trial EAI use cases through SIT's new Centre for Intelligent Robotics at PDD.
Strengthening Singapore's AI Research Frontier
To sharpen Singapore's manufacturing advantage, NVIDIA is launching its Singapore AI research lab, its second research presence in Asia Pacific, focused on embodied and efficient AI with university researchers, industry partners, and government.
The lab will focus on two domains with manufacturing potential: Embodied AI, enabling intelligent systems to perceive, reason and act in the physical world, and Efficient AI computing, which optimises models and infrastructure to reduce compute costs, improve energy efficiency and support scalable AI deployment.
Accelerating AI for Public Good: New Industry Partnerships
The Ministry of Digital Development and Information (MDDI) and Google announced a new National AI partnership to expand collaboration with the Singapore Government. The partnership aims to harness frontier AI to address societal challenges, fostering an AI-ready workforce in Singapore, and creating a secure, trusted ecosystem.
MDDI and OpenAI signed a Memorandum of Understanding (MOU) on the "OpenAI for Singapore" initiative to strengthen Singapore as a hub for applied AI innovation. The MOU covers advancing applied AI innovation, building AI talent, and making AI accessible to citizens, enterprises and the public sector, backed by OpenAI's over S$300 million commitment to Singapore's AI ecosystem.
Building the foundations for trusted, scalable AI deployment
Singapore is advancing ecosystem-wide initiatives to support AI adoption in high-trust sectors like finance and the public sector, where reliability, governance and safety are critical.
Temus, a Temasek-established AI and digital transformation firm, will launch an AI Foundry to help enterprises scale AI solutions and develop talent pipelines. Supported by Digital Industry Singapore (DISG), the Foundry will hire 50 professionals and deploy them on enterprise projects including financial services and precision health.
A*STAR Institute for Infocomm Research (A*STAR I2R) is updating the MERaLiON (Multimodal Empathetic Reasoning and Learning in One Network) AI Model to advance capabilities, drive real-world use cases, and scale adoption. The updated MERaLiON AudioLLM v3 will deliver paralinguistic intelligence across Southeast Asian languages. MERaLiON will be available through cloud hosting, API access, and edge computing, including Apple silicon devices such as Mac and iPad.
Governance that keeps pace with AI
Singapore continues to take a practical, risk-based approach. Two initiatives reflected this approach:
- Updated Model AI Governance Framework for Agentic AI: First launched at the World Economic Forum in January 2026, the Model AI Governance Framework for Agentic AI ("MGF") has been updated with real-world case studies and new best practices contributed by over 50 organisations.
- Google Whitepaper on AI Agents: Google worked with CSA, GovTech Singapore, and IMDA to explore how AI agents can be safely and effectively used in the real world. The resulting Whitepaper provides guidance for governments looking to harness AI agents for public good.
As Singapore grows its AI ecosystem, these initiatives will help translate innovation to real-world impact, strengthening Singapore's position as a trusted global AI hub where businesses, researchers and governments can develop, test and deploy AI solutions at scale.
Minister for Digital Development and Information Mrs Josephine Teo attended an ASEAN-US AI Ministerial Roundtable on the sidelines of ATxSummit today. Bringing together ASEAN Digital Ministers, the ASEAN Secretariat, the US government, and industry leaders from Amazon and Google, the Roundtable marked the launch of "The Road to 50 Years of ASEAN-US Relations" under the ASEAN-US Comprehensive Strategic Partnership. Discussions centred on inclusive AI adoption across the region.
For more information on ATxSG, please visit asiatechxsg.com.
Media: atxsg.imda@archetype.co
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Singapore Deepens AI Ecosystem with Global Collaborators to Accelerate Real-World Deployment
