BIT受邀在Beyond Expo 2026發言，券商直投美股引領新範式

On May 29, Elio Cui, Head of Business at BIT Brokerage, was invited to participate in a roundtable discussion at the BEYOND Expo 2026 – Web2+3 Wealth Forum held in Macau. Together with fellow panelists, he explored the realistic growth path for the next stage of Web3. The roundtable theme was:  《Web3 如何達到 $10T 市值？》.

This roundtable brought together top executives from both the Web3 and traditional finance sectors to discuss the institutionalization path of the crypto market, new asset classes, and regulatory milestones. Joining Elio Cui on stage were Xuanfeng Hu, Director of Digital Assets at Fosun Wealth; Victor Qian, Vice President of Sales & Trading at Galaxy; Brian Chen, Head of Wealth Management at Hong Kong-licensed digital asset platform OSL; and Muse Zhou from infrastructure provider Width. The panelists engaged in an in-depth and lively discussion on topics such as "the real barriers to institutional capital entry," "whether RWA or derivatives can support the next trillion," and "the path from $4T to $10T."

Key insights shared by Elio Cui, Head of Business at BIT Brokerage, during the event include:

First, BIT (formerly Matrixport) is a leading one-stop digital asset service platform established in 2019. In February of this year, the company pioneered an innovative direct-brokerage model for US equities within the industry. This model allows users to transfer stablecoins directly into BIT securities accounts, enabling near-instant funding to purchase real US stocks, as opposed to the common industry practice of trading tokenized US stock derivatives with synthetic prices. We made this resolute decision while preparing the product late last year. This choice stems from our company's seven-year DNA of serving institutions and high-net-worth individuals, driven by a long-termist value orientation.

BIT's direct-brokerage US stock model is realized through a compliant framework and partnerships with upstream and downstream service providers:

- Based on applicable regulatory requirements, we facilitate the exchange between stablecoins and fiat currency.

- We hold a financial services license in Bhutan to support users in compliantly and securely purchasing and holding securities assets.

- We connect with licensed financial partners such as clearing brokers in the United States.

Second, regarding how the Web3 sector can reach a $10 trillion market cap, Elio believes the primary factor is "finding a compliant way for institutions to buy these assets."

"This is a question we explored as early as 2017, when Bitcoin was still widely questioned. At that time, people thought if just 0.1% or even 1% of global sovereign wealth funds and pension funds were allocated to Bitcoin, its price would skyrocket. We all thought it was a fantasy then, even for industry practitioners, the idea seemed far too ahead of its time. But fast forward maybe seven or eight years, we have actually witnessed it: the AUM for ETFs like IBIT has reached tens of billions, and many sovereign wealth funds, pension funds, and compliant capital channels have entered Web3.

So, how do we reach $10 trillion? My judgment remains the same as 10 years ago – if there are compliant gateways enabling more people to buy and hold these assets, the market cap will naturally rise accordingly."

Third, Web3 assets currently face the following difficulties in attracting significant capital flow.

1) Client Trading Preferences

From an individual investor perspective, our recent business data reveals that the volume of capital and users using stablecoins to buy US dollar assets (like US stocks) significantly surpasses those using fiat currency to purchase crypto altcoins. Currently, driven by the wealth effect in the US stock market, retail investors are rushing in, signaling a shift in wealth hotspots and paradigms.

2) Difficulty for Institutional Entry

From an institutional viewpoint, Portfolio Management spanning traditional assets and digital assets remains a pain point for the industry. The custodial systems, management structures, and settlement rules for these two asset classes are entirely different, leading to low capital efficiency when allocating across categories. Leverage usage and position management are also difficult to coordinate seamlessly – many institutions are effectively managing the same client's assets using two completely independent sets of infrastructure. This structural barrier, however, defines the true moat: companies capable of connecting traditional finance and digital assets, bridging these two infrastructures, derive their barrier to entry not from stacking product features, but from years of accumulated compliance frameworks and institutional service capabilities.

Fourth, in the journey of Web3 assets from $4T to $10T, two asset categories are pivotal.

1) Stablecoins act as a bridge, transmitting capital between the traditional financial and digital asset markets. In the process of connecting traditional finance and Web3, stablecoins will be heavily used, leading to growth in their issuance volume and liquidity, thereby increasing the overall size and market cap of Web3.

2) RWA: The tokenization of high-wealth-effect US stocks, especially those related to the AI sector, allows ordinary retail investors who previously couldn't access these investment opportunities to buy and hold scarce, liquid, and wealth-generating equity securities. Investors can execute their AI portfolio allocation by holding tokenized stocks.

Investors can use the first method (stablecoins) to allocate to both digital and traditional financial assets simultaneously, or allocate assets by holding tokenized stocks through the second method. The expansion in the market cap of these two major asset categories will fill the growth gap from $4 trillion to $10 trillion. It's important to note that while both methods involve using stablecoins to trade US stocks, the underlying mechanisms differ. The first method uses stablecoins as a bridge to purchase and hold US stocks within the traditional financial system, enjoying almost all shareholder rights. Current RWA US stocks primarily function to track the price of US equities. While price exposure meets trading needs, actual asset holding requires a framework involving brokers, custodians, rights, and compliance.

Fifth, value creation is the engine for healthy asset appreciation.

Disruptive innovation enhances human productivity. Creation is necessary for generating good assets. Using stablecoins to trade these assets ensures that price appreciation is healthy. As we all know, to outpace inflation, we must hold assets, not cash.

Sixth, Long-term Perspective and Risks.

One must make long-term value and investment judgments. Short-term bubbles and volatility are merely small bumps on the road to long-term appreciation; holding quality assets over the long term can beat inflation. As the saying goes: "You can't drink beer without sipping the foam."

About BIT

BIT (formerly Matrixport), founded in 2019, is a leading global digital asset financial services group. Headquartered in Singapore with offices in seven countries and regions worldwide, BIT connects traditional finance with the digital asset market through robust governance, technological capabilities, and compliant operations.

BIT provides a full suite of digital asset services for global institutions and professional investors, encompassing trading, custody, asset management, liquidity, and financing services, and supports the on-chain introduction and application of Real World Assets (RWA). Its entities hold relevant licenses and are regulated locally in Singapore, Hong Kong, Switzerland, the UK, the US, and Bhutan, including a Major Payment Institution (MPI) license in Singapore and a Collective Asset Management license from FINMA in Switzerland.

The group currently manages over $6 billion in assets, with a monthly trading volume exceeding $7 billion. It has paid clients over $2 billion in cumulative interest, and is valued at over $1 billion. BIT was listed on the 《2024 Hurun Global Unicorn Index》 and the 《2025 Singapore Fintech Unicorn List》.

Disclaimer:

This content is for informational purposes only and does not constitute investment advice, an investment offer, or a solicitation to purchase any financial product. The information contained herein should not be considered a recommendation for any specific investment strategy or product.