Matrixport joins growing list of crypto unicorns after $ 100m investment

Digital Asset Financial Services Platform Matrixport, co-founded by former Bitmain CEO Jihan Wu, raised $ 100 million as part of its Series C funding round, thus valuing it at more than $ 1 billion.

The company, valued at more than $ 1 billion, joins a growing list of crypto unicorns with new additions such as ftx, Fireblocks, Paxos, Amber Group and Ledger.

The fundraising was carried out by Partners DST Global, C Ventures and K3 Ventures with other partners including new and existing investors such as Tiger, The Capital, Lightspeed, Polychain and Dragonfly Capital. The company has raised $ 129 million to date.

Aiming to be a” universal financial services platform, ” Matrixport plans to use fresh capital to invest more in new product research and development. The money will also be spent on expanding the company’s geography as it tries to obtain licenses to work in more countries around the world.

With the latest investment round, we look forward to deconstructing our R & D capabilities to enable us to deliver more innovative products to our crypto investment users. crypto investors. # fundraising # Bitcoin https://t.co/cYdL1BFTul

– Matrixport (@realMatrixport), August 2, 2021

Matrixport was founded in 2019 as a subsidiary of Jihan Wu’s bitmain Technologies, the world’s largest producer of bitcoin mining equipment, and co-founded and CEO.

As of March this year, assets under management and storage totaled more than $ 10 billion, and monthly transactions across all product lines totaled $ 5 billion, according to the company.

In October Singapore, the company currently holds licenses in Hong Kong and Switzerland.

In an interview with Bloomberg, matrixport CEO ge Yuesheng said the company plans to enter the Sunday market in the next three to five years.

By 2026, it will also target “hundreds of billions of dollars” held in the assets of customers under management and storage.

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