Matrixport crypto platform valued at over $ 1 billion after 2 years

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Matrixport, one of Asia’s fastest growing digital asset financial services platforms, closed its Series C funding round with a valuation of over US $ 1 billion just two years after its inception. 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, as well as from previous 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 range of cryptocurrency financial services, including institutional custody, trading, lending, structured products, and asset management to institutional and retail clients. As of March 2021, the company had more than $ 10 billion in customer assets under management and custody and recorded $ 5 billion in monthly transactions across all product lines.

I still believe that an open, permissionless blockchain ecosystem is the foundation for a new financial network that will benefit a large portion of the world’s population. As a result, hundreds of billions of values ​​will be created, stored and transferred on this new financial network, said Jihan Wu, co-founder and chairman of Matrixport.

Since its inception in 2019, Matrixports’ mission has been to be a one-stop-shop financial services platform. Its exponential growth has been driven by robust technological capabilities and innovative product offerings, such as the world’s first dual-currency crypto product. The company offers a full range of offerings tailored to different risk tastes and return expectations.

We are more than a gateway to the crypto economy. Matrixport is where institutional and retail clients find it easy to get more from their crypto, beyond just trading. We are continually offering new ways to invest in crypto and generate returns in a safe and sustainable manner. We believe it is very important to give choice back to our clients with a range of innovative crypto investment products, said John Ge, co-founder and CEO of Matrixport.

With this funding, Matrixport plans to invest more in research and development to improve its innovative product offerings and security while optimizing the user experience. The funds will also be used to support its global expansion as well as to obtain licenses to operate in more jurisdictions.

As blockchain-based digital assets gain adoption and acceptance, new avenues are needed to capture return, seek liquidity, and manage crypto assets as an emerging asset class. With an in-depth knowledge of traditional finance and a deep understanding of crypto assets, Matrixport is well positioned to meet the growing demand for this new area of ​​investment, primarily driven 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 asset financial services platform by being the first to deliver a well-curated suite of innovative crypto investment offerings. Matrixport empowers crypto natives, sophisticated institutional clients and, equally important, the large community of novice users embarking on their crypto investment journey on a robust and reliable platform, ”said MX Kuok, Managing Partner of K3 Ventures.

As a premier investor, Dragonfly is excited to see Matrixports continued growth and innovation in the emerging asset class. It is well positioned to become one of the most critical ramps for crypto adoption, said Feng Bo, founder and managing partner of Dragonfly Capital.

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