Matrixport, which claims to be Asia’s fast-growing digital assets financial services platform, has recently attained a valuation of $1 billion+ — hitting the unicorn club — just two years after its founding.
Partners of DST Global led this round, C Ventures and K3 Ventures with other participants including CE Innovation Capital, Tiger Global, Cachet Group, Qiming Venture Partners, Palm Drive Capital, Foresight Ventures and A&T Capital, along with earlier investors Polychain, Dragonfly Capital, CMT Digital, Lightspeed, and IDG Capital.
Founded in 2019, the Singapore-based startup has raised $129 million until now, after the latest Series C funding round. Reportedly, it is the second crypto startup from Bitmain’s founder which has entered the unicorn club.
Matrixport is a crypto-finance venture led by Bitmain Technologies Ltd.’s billionaire founder Wu Jihan. It offers crypto financial services from trading to custody and structured products to institutional and retail customers.
Further, the startup has plans to go public in three to five years to offer investors an exit. As per various reports, it also intends to have hundreds of billions of dollars in assets under management and custody within five years.
With a mission is to make crypto easy for everyone, the company has offices in Switzerland and Hong Kong with more than 220 workers.
With this funding, Matrixport plans to additionally invest in research and development to improve its innovative product offerings and security while optimising user experience. The funds will also be used to continue its global expansion and secure licenses to operate in more fields.