Archive · 2 Feb 2026
Matrixport Receives In-Principle Approval in Bhutan
Matrixport, a company that deals with digital money, has been given a preliminary approval to start offering financial services in a special city in Bhutan called Gelephu Mindfulness City.
This approval is a big step for Matrixport because it shows they are committed to following rules and regulations while providing services related to virtual assets.
The company plans to offer services like money transfers, investment deals, and safekeeping of assets, but only after they meet all the final regulatory conditions.
Matrixport is also planning to help train local people in Bhutan to improve their skills in following financial rules.
The company is known for its strong focus on compliance and has offices in many major financial centers around the world.
Matrixport's Bhutan entity, Matrix Bhutan Pte Ltd, received In-Principle Approval (IPA) from the Gelephu Financial Services Office (GFSO) to operate regulated financial services in Gelephu Mindfulness City (GMC).
The approval allows Matrix Bhutan to provide money services, deal in investments as matched principal, and provide custody services, subject to final regulatory approval.
Matrixport's decision to establish a presence in GMC is driven by the city's clear regulatory framework and constructive supervisory engagement for financial services and virtual asset activities.
The company plans to participate in the proposed Center of Excellence (CoE) to strengthen compliance capabilities within GMC's financial ecosystem and contribute to Bhutan's ambition to build a recognized hub for compliance expertise.
Matrixport is a global leading digital asset financial services platform with a valuation exceeding US$1 billion, managing over US$7 billion in assets and facilitating monthly trading volumes exceeding US$7 billion.
- Who
- Matrixport, a global digital asset financial services platform
- What
- Received In-Principle Approval (IPA) for regulated financial services in Bhutan
- When
- February 2
- Where
- Gelephu Mindfulness City (GMC), Bhutan
- Why
- To build regulated, institution-grade virtual asset financial services within a clear regulatory framework
- Company
- Matrixport
- Entity
- Matrix Bhutan Pte Ltd
- Approval Received
- In-Principle Approval (IPA)
- Regulatory Body
- Gelephu Financial Services Office (GFSO)
- Location
- Gelephu Mindfulness City (GMC), Bhutan
- Proposed Activities
- Providing Money Services, Dealing in Investments as Matched Principal, Providing Custody
- CEO
- John Ge
- Company Valuation
- Over US$1 billion