BIT, formerly Matrixport, said it will work with AMINA to expand Switzerland’s digital asset market after the two sides co-hosted a high-end exchange event during Hong Kong FinTech Week.
The event, held at The Upper House in Hong Kong, was organized by BIT and AMINA (Hong Kong) Limited, a subsidiary of AMINA Bank AG regulated by the Swiss Financial Market Supervisory Authority, or FINMA. It brought together representatives from financial institutions, asset management firms, family offices, and the digital asset sector to discuss market trends and new openings for institutional investors.
Two topics framed the discussion: how financial institutions are reshaping the digital asset market, and how digital assets may change institutional portfolios.
Institutional market discussion focused on regulation and custody infrastructure
BIT said digital assets are moving deeper into the traditional financial system as regulatory frameworks in major global financial centers become more mature, institutional-grade custody infrastructure improves, and demand from institutional investors for regulated digital asset investment products continues to grow.
Guests at the event also exchanged views on how institutional capital and Web3 innovation are converging in major financial centers including Hong Kong and Switzerland. According to BIT, as regulated fund structures and institutional custody infrastructure continue to develop, institutional participation in digital assets is shifting from early-stage exploration toward a phase that places more weight on compliance, risk management, and long-term value.
BIT points to FINMA approval of BBIT
One development in Switzerland’s digital asset regulatory market drew particular attention during the event. FINMA has approved the Bitcoin fund ETF with the ticker BBIT. BIT said BBIT is Switzerland’s first exchange-traded fund to invest directly in Bitcoin and is currently the only spot Bitcoin ETF in Europe.
Unlike traditional exchange-traded products, or ETPs, BBIT uses a Swiss collective investment scheme structure. Under that setup, fund assets are legally segregated from the fund management company. BIT said this gives investors asset protection under Switzerland’s existing fund regulatory framework while avoiding issuer credit risk associated with debt-based products.
Cynthia Wu on the partnership with AMINA
Cynthia Wu, BIT’s co-founder and chief commercial officer, said: 「FINMA’s approval of BBIT is an important milestone in BIT’s development and a major step forward for institutional digital asset investing in Switzerland. We believe that for institutional investors, where assets are held, what legal structure is used, and what regulatory framework applies are becoming increasingly important. BBIT brings together these key elements through a Swiss domestic investment fund structure with segregated custody, physical BTC subscription arrangements, and access through traditional financial market channels. This also reflects our long-term commitment to connecting traditional finance and digital asset markets. By working with AMINA and combining BIT’s asset management capabilities with the strengths of Swiss bank custody services, we aim to broaden investment options for institutional investors.」
About BIT
BIT was founded in 2019 and is headquartered in Singapore. The group has offices in seven countries and regions. It said it connects traditional finance and digital asset markets through governance, technology capabilities, and compliant operations.
BIT provides institutions and professional investors with trading, custody, asset management, liquidity, and financing services. It also supports the on-chain introduction and use of real-world assets, or RWA. Entities under the group hold licenses and are regulated in Singapore, Hong Kong, Switzerland, the United Kingdom, the United States, and Bhutan, including a Major Payment Institution, or MPI, license in Singapore and a collective asset management license issued by FINMA in Switzerland.
BIT said it currently manages more than $6 billion in assets, records more than $7 billion in monthly trading volume, has paid more than $2 billion in cumulative interest to clients, and has a valuation above $1 billion. The company also said it was included in the 2024 Hurun Global Unicorn List and the 2025 Singapore Fintech Unicorn List.
