RWA Crypto

BIT (formerly Matrixport) publishes Trust Whitepaper V2.0 covering security, compliance, US stocks and RWA

Sep 10, 2026 04:03 ET · 1h ago · 2

TREE NEWS update: Digital financial services platform BIT, formerly Matrixport, released version 2.0 of its Trust Whitepaper, setting out its risk governance, security architecture, regulatory compliance and independent verification mechanisms. The document says most assets are held in cold wallets and private keys stored in FIPS 140-3 Level 3 hardware security modules, and discloses that its security team holds veto power over products and system changes carrying material risk, with a four-eyes principle for asset transfers and permission changes. It also details arrangements for US equities, RWA and asset management, and compliance across Hong Kong, Bhutan, Singapore, Switzerland, the UK, the US and the BVI.

Original source

AI take

The notable detail is structural rather than promotional: a security function with veto power over product and system changes, plus four-eyes controls on transfers and permissions, is a governance claim that can be tested against incidents, not just read. The multi-jurisdiction compliance map and the inclusion of US equities and RWA signal that custody and verification, not trading features, are being positioned as the differentiator. Whether independent verification mechanisms are actually exercised, and how the veto power holds up when commercial pressure meets a blocked launch, is the open question.

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