Key Takeaways
- • BIT (formerly Matrixport) and AMINA (Hong Kong) Limited co-hosted the "AMINA Unites × BIT" networking event at The Upper House in Hong Kong during Hong Kong Fintech Week, bringing together financial institutions, asset managers, family offices and digital asset firms.
- • The Swiss Financial Market Supervisory Authority (FINMA) approved the Bitcoin fund ETF (ticker: BBIT), which the article describes as Switzerland's first ETF to invest directly in Bitcoin and currently the only spot Bitcoin ETF in Europe.
- • BBIT uses a Swiss collective investment scheme structure in which fund assets are legally segregated from the fund management company, distinguishing it from debt-based exchange-traded products (ETPs) and avoiding issuer credit risk.
- • BIT reports more than US$6 billion in assets under management, monthly trading volume above US$7 billion, and cumulative client interest payments above US$2 billion.
Summary
BIT (formerly Matrixport), a global digital asset financial services group, and AMINA (Hong Kong) Limited, a subsidiary of AMINA Bank AG (regulated by FINMA), co-hosted the "AMINA Unites × BIT" high-level networking event at The Upper House in Hong Kong during Hong Kong Fintech Week. Attendees included representatives of financial institutions, asset managers, family offices and the digital asset industry. Discussion centered on how financial institutions are reshaping the digital asset market and how digital assets will transform institutional portfolios.
The event highlighted a recent regulatory development in Switzerland. According to the publisher's account, FINMA approved the Bitcoin fund ETF BBIT, Switzerland's first ETF to invest directly in Bitcoin and currently the only spot Bitcoin ETF in Europe. Unlike traditional ETPs, BBIT uses a Swiss collective investment scheme structure, under which fund assets are legally segregated from the fund management company. The article states this provides asset protection under Switzerland's existing fund regulatory framework and avoids the issuer credit risk associated with debt-based products.
Cynthia Wu, Founding Partner and Chief Business Officer of BIT, described FINMA's approval as an important milestone for BIT and for institutional digital asset investment in Switzerland. She said that custody arrangements, legal structure and applicable regulatory framework are becoming increasingly important to institutional investors, and that BBIT combines asset-segregated custody, a Swiss-domiciled fund structure, in-kind BTC subscription arrangements and access channels in traditional markets. She added that BIT will work with AMINA to combine its asset management capabilities with Swiss bank custody services to expand investment avenues for institutional investors.
Guests also discussed integrating institutional capital with Web3 innovation across Hong Kong and Switzerland. The article characterizes institutional participation as moving from early-stage exploration toward a phase emphasizing compliance, risk management and long-term value.
BIT, founded in 2019 and headquartered in Singapore with offices in seven countries and regions, provides trading, custody, asset management, liquidity and financing services, and supports on-chain real-world asset (RWA) applications. Its entities are licensed in Singapore, Hong Kong, Switzerland, the United Kingdom, the United States and Bhutan, including Singapore's Major Payment Institution license and a Swiss FINMA collective asset management license. The group reports over US$6 billion in assets under management, monthly trading volume above US$7 billion, and more than US$2 billion in cumulative client interest paid. It has a valuation above US$1 billion and appears on the Hurun Global Unicorns Index 2024 and the 2025 Singapore Fintech Unicorn list.
The event highlighted a recent regulatory development in Switzerland. According to the publisher's account, FINMA approved the Bitcoin fund ETF BBIT, Switzerland's first ETF to invest directly in Bitcoin and currently the only spot Bitcoin ETF in Europe. Unlike traditional ETPs, BBIT uses a Swiss collective investment scheme structure, under which fund assets are legally segregated from the fund management company. The article states this provides asset protection under Switzerland's existing fund regulatory framework and avoids the issuer credit risk associated with debt-based products.
Cynthia Wu, Founding Partner and Chief Business Officer of BIT, described FINMA's approval as an important milestone for BIT and for institutional digital asset investment in Switzerland. She said that custody arrangements, legal structure and applicable regulatory framework are becoming increasingly important to institutional investors, and that BBIT combines asset-segregated custody, a Swiss-domiciled fund structure, in-kind BTC subscription arrangements and access channels in traditional markets. She added that BIT will work with AMINA to combine its asset management capabilities with Swiss bank custody services to expand investment avenues for institutional investors.
Guests also discussed integrating institutional capital with Web3 innovation across Hong Kong and Switzerland. The article characterizes institutional participation as moving from early-stage exploration toward a phase emphasizing compliance, risk management and long-term value.
BIT, founded in 2019 and headquartered in Singapore with offices in seven countries and regions, provides trading, custody, asset management, liquidity and financing services, and supports on-chain real-world asset (RWA) applications. Its entities are licensed in Singapore, Hong Kong, Switzerland, the United Kingdom, the United States and Bhutan, including Singapore's Major Payment Institution license and a Swiss FINMA collective asset management license. The group reports over US$6 billion in assets under management, monthly trading volume above US$7 billion, and more than US$2 billion in cumulative client interest paid. It has a valuation above US$1 billion and appears on the Hurun Global Unicorns Index 2024 and the 2025 Singapore Fintech Unicorn list.
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