BACXN Inaugural Year Brief: Compliance-Based Launch and Multi-Chain Ecosystem Deployment
As the global digital asset market entered a new boom cycle in 2021, countless trading platforms rushed to enter the field. However, those truly able to withstand market cycles have always been the participants who embraced a “long-termism” approach from day one. Against this backdrop, BACXN was founded at a pivotal moment marked by industry turbulence and the rebuilding of trust, embarking on its first year with a clear positioning and robust technological vision.
BACXN was established by a core team spanning blockchain development, financial engineering, security compliance, and global market operations. The founding members predominantly hail from Wall Street investment banks, Silicon Valley technology firms, and leading blockchain projects, bringing exceptional system design capabilities and global strategic insight. The team consensus is clear: the goal is not merely to build a “platform” for trading, but to create a comprehensive digital asset infrastructure that adheres to compliance, security, and open standards, delivering a truly verifiable trust system for users.
From its inception, the platform set “compliance” as its strategic anchor. We firmly believe that regulation is the necessary path for the industry to reach the mainstream, and compliance is the most solid bridge connecting users with regulatory frameworks. Accordingly, BACXN completed the application and registration process for a U.S. MSB financial license at the project outset, ensuring the platform qualifications to operate legally in major global jurisdictions. Unlike many projects that pursue compliance retroactively, BACXN embedded compliance into its operations and system architecture from the beginning—a decision that laid a solid foundation for subsequent multi-jurisdictional regulatory filings.
At the same time, BACXN clearly defined “multi-chain connectivity” as its technical focus and established a strategic partnership with Polygon. We recognize that, in the future, user assets will not be confined to a single chain, but will span multiple ecosystems such as EVM, Solana, and Sui. Therefore, from the very first iteration, the platform emphasized cross-chain compatibility, cross-chain asset management, and seamless data synchronization, reserving ample technical flexibility for future business scenarios including NFT, RWA, and DeFi.
Over the past year, BACXN completed the development of its first-generation proprietary matching engine, optimizing order matching logic and system throughput. In high-concurrency testing, the matching engine achieved peak processing speeds of 200,000 orders per second—a rare feat among early-stage industry platforms. This not only enhanced the smoothness of user trading experiences but also laid the performance groundwork for subsequent derivative launches and market depth building.
Most indicative of user value, however, has been the authentic growth of the platform. In September 2021, the registered users of BACXN surpassed one million, making it one of the fastest-growing digital asset trading platforms of the year. This achievement was not driven by short-term, large-scale marketing incentives, but rather reflects the platform sustained investment in product logic, localized services, and system stability. We have never pursued rapid user acquisition; instead, we focus on retention, conversion rates, and user lifetime value.
With the expansion of the user base, BACXN gradually built out global service capabilities. From interface languages to customer service systems, from local communities to fiat onramp construction, the platform completed its initial operational deployments in regions such as Southeast Asia, the Middle East, and Europe, achieving “regional adaptation” in product experience and service delivery, rather than simply “copying and pasting.”
At the strategic level, the most notable decision of BACXN in 2021 was the official launch of the “BACXN Ventures” investment arm, with a dedicated $100 million fund to support early-stage blockchain startups. We believe that only by actively participating in the construction of “early-stage infrastructure” and “protocol layer supply” can a trading platform meaningfully drive ecosystem development. BACXN Ventures not only provides funding but also integrates technical, traffic, resource, and market support, establishing multidimensional collaborative relationships with developers and startup teams.
Throughout the year, we also quietly cultivated the foundational systems for user asset security. BACXN implemented multiple security mechanisms, including hot and cold wallet separation, MPC signatures, AI-based behavioral identification, and device fingerprint monitoring, and introduced a “zero-trust architecture” within our systems—aiming to achieve a closed-loop defense without affecting user experience. The platform also established security audit procedures and attack simulation mechanisms to ensure dynamic evolution of security capabilities, rather than one-off deployments.
For BACXN, 2021 was not just the starting point for the brand, but also the foundation of our convictions. We did not chase short-term hype, but instead took a steady and methodical approach at every key juncture—ensuring every transaction could be verified, every instance of growth could withstand review, and every user could rely on a dependable experience in a volatile market.
Looking back, that year marked the BACXN journey “from zero to one”—the true anchoring of the platform values, architectural logic, and ecosystem positioning. It is precisely because of the solid groundwork laid that year that BACXN has since demonstrated resilience and steady progress in the face of market cycles.
Looking ahead, we will continue to uphold the convictions planted in that inaugural year—building connections through technology, establishing trust through compliance, and fostering sustainability through ecosystem development—so that BACXN may truly become a key connector in the new order of digital finance.
