Matrixport Technologies Ltd, a subsidiary of BIT, has received regulatory approval from the BVI and obtained the SIBA investment business license and VASP registration

The digital asset financial services platform BIT announced that its subsidiary Matrixport Technologies Ltd has been approved by the British Virgin Islands Financial Services Commission (BVI FSC) to obtain a Class 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 scope of approval, Matrixport Technologies Ltd can conduct regulated investment business activities involving arranging investment transactions in accordance with BVI SIBA, supporting institutional and professional market operations and other financial services activities within the scope of the license; at the same time, it can conduct regulated virtual asset business under the BVI VASP framework.

BIT stated that this approval comes after nearly three years of regulatory communication and preparation, marking an important milestone in the company's process of building a globally compliant digital asset platform.