Svmuu News, May 20 – Digital asset financial services platform BIT announced that its subsidiary, Matrixport Technologies Ltd, has received approval from the British Virgin Islands Financial Services Commission (BVI FSC), obtaining a Category II investment business license under the Securities and Investment Business Act (SIBA) (arranging investments in deals), and has completed its VASP registration under the Virtual Asset Service Provider Act (VASP Act).
According to the approved scope, Matrixport Technologies Ltd can conduct regulated investment business activities involving the arranging of investments in deals under BVI SIBA, supporting institutional and professional market operations as well as other financial service activities within the license scope. Simultaneously, it can carry out regulated virtual asset business under the BVI VASP framework.
BIT stated that this approval, achieved after nearly three years of regulatory communication and preparation, marks a significant milestone in the company's journey to build a globally compliant digital asset platform.