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
SINGAPORE, Oct. 25, 2021 /PRNewswire/ -- 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.
Matrixport offers a full suite of cryptocurrency financial
services including institutional custody, trading, lending,
structured products and asset management to institutional and
retail[1] 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.
[1] Disclaimer:
Retail refers to the clients in the jurisdictions where providing
crypto-related financial products to retail clients is not
restricted or prohibited by law.
|
About Matrixport
Matrixport is one of Asia's
fastest-growing digital asset financial services platforms. With
$10 billion in assets under
management and custody, it provides one-stop crypto financial
services with over $5 billion in
average monthly trading volumes. The offerings include Cactus
CustodyTM, spot OTC, fixed income, structured products,
lending as well as asset management.
Headquartered in Singapore,
Matrixport's mission is to make crypto easy for everyone and its
motto is "Get More From Your Crypto". The company holds licenses in
Hong Kong and Switzerland with over 220 employees serving
both institutions and retail customers across Asia and Europe. For more information, visit
www.matrixport.com.
Logo -
https://mma.prnewswire.com/media/1560145/matrixport_logo_blue_white_Logo.jpg