Matrixport, Asia’s digital assets financial services platform ended its Series C funding round with valuation of over US $1 billion. This is just two years after its establishment.
This round was led by partners of DST Global, C Ventures and K3 Ventures. Other participants include Qiming Venture Partners, CE Innovation Capital, Tiger Global, Cachet Group, Palm Drive Capital, Foresight Ventures and A&T Capital. Earlier investors Lightspeed, Polychain, Dragonfly Capital, CMT Digital and IDG Capital also were part of the funding round. The Singapore-based start-up has raised $129 million to date.
As of March 2021, the company held over $10 billion of client assets under management and custody. It 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.
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Matrixport plans to further invest in research and development to enhance its innovative product offerings. And also to provide security while optimizing for an even greater user experience. The company will use the funds to support its global expansion.
The company plans on using them 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.
