September 22, 2021

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Asia’s Top Crypto Fiscal Expert services Platform Matrixport Valued at In excess of $1 Billion — Two Several years Soon after its Founding

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Collection C funding spherical led by partners of DST World-wide, C Ventures and K3 Ventures with Jihan Wu’s crypto business increasing $129 Million to day

SINGAPORE, Aug. 2, 2021 /PRNewswire/ — Matrixport, Asia’s rapidly increasing electronic belongings economical solutions platform closed its Sequence C funding round with a valuation of around US$1 billion — just two several years following its institution. This round was led by partners of DST World wide, C Ventures and K3 Ventures with other individuals like Qiming Enterprise Companions, CE Innovation Capital, Tiger World wide, Cachet Team, Palm Push Funds, Foresight Ventures and A&T Funds, along with earlier traders Lightspeed, Polychain, Dragonfly Cash, CMT Digital and IDG Cash. The Singapore-based mostly start-up has lifted $129 million to day.

Crypto’s Most recent Unicorn: Matrixport Valued at >$1 Billion in Series C Funding (PRNewsfoto/Matrixport)

(PRNewsfoto/Matrixport)

(PRNewsfoto/Matrixport)

Matrixport provides a comprehensive suite of cryptocurrency economic products and services which include institutional custody, trading, lending, structured merchandise and asset administration to institutional and retail[1] consumers. As of March 2021, the corporation held about $10 billion of shopper property underneath management and custody, and recorded $5 billion in every month transactions throughout all products lines.

“I constantly believe that an open up and permissionless blockchain ecosystem is the bedrock of a new financial network that will profit a substantial component of the world’s population. As a consequence, there will be hundreds of trillions of benefit designed, saved and transferred on this new financial community,” explained Jihan Wu, Co-Founder & Chairman of Matrixport.

Due to the fact its inception in 2019, Matrixport’s mission is to be a one particular-halt economical expert services system. Its exponential growth has been pushed by sturdy technologies capabilities and revolutionary merchandise offerings, these as the world’s to start with crypto dual forex product or service. The corporation gives a detailed suite of choices tailored throughout diverse possibility appetites and generate anticipations.

“We are far more than a gateway to the crypto financial system. Matrixport is wherever the two institutional prospects and folks uncover it simple to get much more from their crypto, outside of just trading. We are continually pushing out extra new ways to commit crypto and generate yields in a risk-free and sustainable manner. We imagine that it is really crucial to give the preference back to our prospects with a assortment of impressive crypto financial commitment solutions,” stated John Ge, Co-Founder & Chief Executive Officer, Matrixport.

With this funding, Matrixport options to even further devote in study and enhancement to enrich its modern product offerings and stability though optimising for an even greater user encounter. The funds will also be applied to help its world enlargement as effectively as to protected licenses to function in extra jurisdictions. With the company’s eyesight to “Make Crypto Easy For All people”, the roll-out will make it possible for much more customers globally to embrace its cryptocurrency financial products and services platform.

“As blockchain centered digital assets attain wider adoption and acceptance, new pathways are necessary to seize generate, resource liquidity and handle crypto property as an emerging asset class. With deep understanding of classic finance and a keen comprehending of crypto assets, Matrixport is properly positioned to respond to the raising desire for this new area of financial commitment, pushed principally by the more youthful generations,” explained Adrian Cheng, founder of C Ventures and CEO of New Planet Group.

“Matrixport has demonstrated incredible considered management as a electronic property economical expert services platform by being first movers in delivering a properly-curated suite of modern crypto investment choices. Matrixport empowers crypto natives, refined institutional consumers, and just as importantly the large local community of initial-time buyers who are embarking on their crypto investing journey aboard a robust and trustworthy platform,” reported MX Kuok, Managing Partner of K3 Ventures.

“As an early trader, Dragonfly is psyched to see Matrixport’s continuous progress and innovation in the rising asset course. It is perfectly-positioned to develop into 1 of the most vital onramps for crypto adoption,” mentioned Feng Bo, Founding Controlling Associate of Dragonfly Money.

[1] Disclaimer: Retail refers to the purchasers in the jurisdictions where by delivering crypto-connected financial solutions to retail customers is not restricted or prohibited by legislation.

About Matrixport

Matrixport is 1 of Asia’s quickest escalating electronic asset fiscal expert services platforms. With $10 billion in property underneath management and custody, it gives one-quit crypto economical solutions with around $5 billion in ordinary regular investing volumes. The choices consist of Cactus Custody™, location OTC, mounted money, structured solutions, lending as nicely as asset management.

Headquartered in Singapore, Matrixport’s mission is to make crypto effortless for every person and its motto is “Get Much more From Your Crypto”. The organization holds licenses in Hong Kong and Switzerland with in excess of 220 staff serving the two institutions and retail shoppers across Asia and Europe. For far more details, go to www.matrixport.com.

Resource Matrixport

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