BIT's subsidiary, Matrixport Technologies Ltd, has received BVI regulatory approval, obtained an SIBA investment business license, and VASP registration.

On May 20th, Odaily Planet Daily reported that BIT, a digital asset financial services platform, announced that its subsidiary, Matrixport Technologies Ltd., has received approval from the British Virgin Islands Financial Services Commission (BVI FSC) to obtain a Type 2 investment business license (arranging investment transactions) under the Securities and Investment Business Act (SIBA) and has completed VASP registration under the Virtual Asset Service Providers Act (VASP Act). According to the approved scope, Matrixport Technologies Ltd. can conduct regulated investment business activities involving arranging investment transactions under the BVI SIBA, support institutional and professional market businesses, and other financial services activities within the scope of the license; simultaneously, it can conduct regulated virtual asset business under the BVI VASP framework. BIT stated that this approval, the culmination of nearly three years of regulatory communication and preparation, marks a significant milestone in the company's journey to building a globally compliant digital asset platform.