Matrixport, led by Ji-hana Wu, raised $100 million at a $1 billion valuation

The crypto-financial firm Matrixport, spun off from Bitmain, raised $100 million in a Series C round. Its valuation exceeded $1 billion.

With the recent round of investments, we look forward to enhancing our research and development capabilities, which allows us to bring more innovative products to our crypto investment users.#crypto #investors. #fundraising #Bitcoin https://t.co/cYdL1BFTul

— Matrixport (@realMatrixport) August 2, 2021

The funding round was led by C Ventures and K3 Ventures. Other investors included Qiming, CE Innovation Capital, Tiger Global, Cachet Group, Palm Drive Capital, Foresight Ventures and A&T Capital.

The funds will be used to improve the product lineup and enhance the user experience on the platform.

Matrixport plans to enter new markets as it obtains corresponding licences. The company is currently registered in Singapore (headquarters), Hong Kong and Switzerland.

The firm offers institutional-grade custody services, trading, lending, structured products and asset management.

According to Matrixport, as of the end of March 2021, assets under management exceeded $10 billion, and monthly transaction volume stood at $5 billion.

As ForkLog reported in March 2020, the company planned to raise its valuation to $300 million; at the time it stood at $114 million.

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