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Asia’s Leading Crypto Financial Services Platform Matrixport Valued at Over $1 Billion — Two Years After its Founding

Series C funding round led by partners of DST Global, C Ventures and K3 Ventures with Jihan Wu’s crypto firm raising $129 Million to date

HONG KONG SAR – Media OutReach – 3 August 2021
Matrixport, Asia’s fast growing digital assets financial
services platform closed its Series C funding round with a valuation of over
US$1 billion — just two years after its establishment. This round was led by
partners of DST Global, C Ventures and K3 Ventures with other participants
including Qiming Venture Partners, CE Innovation Capital, Tiger Global, Cachet
Group, Palm Drive Capital, Foresight Ventures and A&T Capital, along with
earlier investors Lightspeed, Polychain, Dragonfly Capital, CMT Digital and IDG
Capital. The Singapore-based start-up has raised $129 million to date.


Crypto’s Newest Unicorn: Matrixport Valued at
>$1 Billion in Series C Funding 


Matrixport
offers a full suite of cryptocurrency financial services including
institutional custody, trading, lending, structured products and asset
management to institutional and retail1 clients. As of March 2021,
the company held over $10 billion of client assets under management and
custody, and recorded $5 billion in monthly transactions across all product
lines.


 


“I
always believe an open and permissionless blockchain ecosystem is the bedrock
of a new financial network that will benefit a large part of the world’s
population. As a result, there will be hundreds of trillions of value created,
stored and transferred on this new financial network,” said Jihan Wu,
Co-Founder & Chairman of Matrixport.


 


Since
its inception in 2019, Matrixport’s mission is to be a one-stop financial
services platform. Its exponential growth has been driven by robust technology
capabilities and innovative product offerings, such as the world’s first crypto
dual currency product. The company provides a comprehensive suite of offerings
tailored across different risk appetites and yield expectations.


 


“We
are more than a gateway to the crypto economy. Matrixport is where both
institutional customers and individuals find it easy to get more from their
crypto, beyond just trading. We are continually pushing out more new ways to
invest crypto and earn yields in a safe and sustainable manner. We believe that
it is very important to give the choice back to our customers with a range of
innovative crypto investment products,” said John Ge, Co-Founder & Chief
Executive Officer, Matrixport.


 


With
this funding, Matrixport plans to further invest in research and development to
enhance its innovative product offerings and security while optimising for an
even greater user experience. The funds will also be used to support its global
expansion as well as to secure licenses to operate in more jurisdictions. With
the company’s vision to “Make Crypto Easy For Everyone”, the roll-out will
allow more users globally to embrace its cryptocurrency financial services
platform.


 


“As
blockchain based digital assets gain wider adoption and acceptance, new
pathways are needed to capture yield, source liquidity and manage crypto assets
as an emerging asset class. With deep knowledge of traditional finance and a
keen understanding of crypto assets, Matrixport is well positioned to answer
the increasing demand for this new area of investment, driven primarily by the
younger generations,” said Adrian Cheng, founder of C Ventures and CEO of New
World Group.


 


“Matrixport has demonstrated tremendous
thought leadership as a digital assets
financial services platform by being first movers in delivering a well-curated
suite of innovative crypto investment
offerings. Matrixport empowers crypto natives, sophisticated institutional
clients, and just as importantly the large community of first-time users who
are embarking on their crypto investing journey aboard a robust and trusted
platform,” said MX Kuok, Managing Partner of K3 Ventures.


 


“As an early investor,
Dragonfly is excited to see Matrixport’s continuous growth and innovation in
the emerging asset class. It is well-positioned to become one of the most
critical onramps for crypto adoption,” said Feng Bo, Founding Managing Partner
of Dragonfly Capital.


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