Matador Partners with Leading Bitcoin-focused Investment Firm, UTXO Management
May 21 2024 - 5:46PM
Matador Gold Technologies Inc. (“Matador”), an innovative
technology platform, and UTXO Management, LLC (“UTXO”), a leading
Bitcoin venture capital firm, are pleased to announce the formation
of a strategic partnership aimed at accelerating innovation within
the bitcoin ecosystem. Matador’s expanded strategy will include
investments and product development across the entire bitcoin
ecosystem. As part of this partnership, UTXO and the funds it
manages have made a total investment of $3,000,000 in bitcoin and
crypto related assets in Matador, further solidifying their
commitment to advancing the growth and development of the bitcoin
industry.
The cornerstone of this strategic partnership will be the
establishment of a co-managed bitcoin-focused investment fund. This
fund will be jointly managed by Matador and UTXO, leveraging their
combined expertise and resources to identify and invest in the most
innovative projects and businesses within the bitcoin ecosystem.
With a focus on bitcoin tokenization, real-world assets,
decentralized finance, custody, exchanges, and scalability
solutions, the fund aims to drive forward the evolution of the
bitcoin network and its surrounding infrastructure.
In addition to the investment fund, Matador will be launching an
internal product launchpad dedicated to bringing innovation and new
features to the bitcoin ecosystem. This launchpad will serve as a
platform for incubating and launching cutting-edge projects and
initiatives, starting with Matador's first product, Matador
Gold.
"By joining forces with UTXO, we are excited to take our
commitment to advancing the bitcoin ecosystem to the next level,"
said Deven Soni, Chief Executive Officer of Matador. "Through our
co-managed venture capital fund and internal product launchpad, we
aim to foster innovation and drive impactful change within the
industry."
UTXO will be making a substantial investment into Matador,
demonstrating their confidence in the strategic partnership,
further aligning the interests of both companies, and paving the
way for future collaboration.
"We believe that partnering with Matador presents a unique
opportunity to leverage our expertise in the bitcoin investment
landscape to support the growth and development of new
technologies, projects, and companies within the bitcoin
ecosystem," said Tyler Evans, Managing Partner at UTXO Management.
"Together, we look forward to driving innovation, creating value,
and contributing to the continued growth of the bitcoin settlement
layer and the global landscape of entrepreneurs and builders in the
industry." "We are excited to partner with Matador. This
collaboration will accelerate many exciting projects and help drive
bitcoin's next evolution," said David Bailey, General Partner
at UTXO Management.
Learn more about Matador Gold Technologies Inc.
at https://www.buymatador.com/
About UTXO Management, LLCUTXO Management
is a thesis-driven investment firm, driven by deep conviction and
decades of expertise in the bitcoin ecosystem. Their flagship fund,
the UTXO Bitcoin Ecosystem Fund, specializes in seed-stage
investments, providing first equity checks to pioneering startups
shaping the industry's growth. UTXO’s mission is to support
founders by investing in infrastructure, technologies, and
communities that foster bitcoin adoption. With a focus on bitcoin
since 2013, UTXO offers unparalleled access and insights into the
world's leading startups in this space.
About Matador Gold Technologies
Inc. Founded in 2021, Matador began as a product
launchpad, creating innovative projects within the bitcoin
ecosystem. Matador’s first product, Matador Gold, plans to
democratize the gold buying experience by bringing it into the 21st
century by combining the best of modern technology and time-proven
assets.
SOURCE Matador
For further information: For all media and press related
inquiries, please contact: Geoff St.Clair, Matador Gold
Technologies Inc., marketing@buymatador.com
Forward-Looking Statements
Certain information in this release are forward-looking
statements. Forward-looking statements consist of statements that
are not purely historical, including statements regarding beliefs,
plans, expectations or intentions for the future, and include, but
not limited to, statements with respect to the proposed
establishment of strategic partnership and venture capital fund by
Matador and UTXO, the completion of UXTO's investment in Matador,
and the proposed future operations of Matador. Such statements are
subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those
contained in the statements, including, but not limited to risks
relating to the satisfaction of all conditions precedent to the
completion of the proposed investment by UTXO and launch of the
proposed venture capital fund, risks of the cryptocurrency and
precious metals industries, exchange rates, changes in applicable
laws, availability of capital and other risks identified in
Matador's public disclosure documents from time to time. Readers
are cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. Matador assumes
no obligation to update such information, except as may be required
by law.