Matrixport Joins Growing List of Crypto Unicorns Raised $100M Investment

Matrixport, the digital assets financial services platform co-founded by former CEO of Bitmain Jihan Wu, has raised $100 million in a Series C funding round, bringing its valuation to over $1 billion.

In securing a valuation of over $1 billion, the firm joins the growing list of crypto unicorns, with recent additions including the likes of FTX, Fireblocks, Paxos, Amber Group, and Ledger.

The fundraise was led by partners of DST Global, C Ventures, and K3 Ventures, with other participants including both new and existing investors, such as Tiger Capital, Lightspeed, Polychain, and Dragonfly Capital. To date, the company has raised $129 million.

Matrixport, aims to be a “one-stop financial services platform,” plans to use the fresh capital to further invest in research and development of new products. The money will be also spent on the firm’s geographical expansion as it seeks to secure licenses to operate in more countries across the globe.

About Matrixport

Matrixport is one of Asia’s fastest growing digital asset financial services platforms. With $10 billion in assets under management and custody, it provides one-stop crypto financial services with over $5 billion in average monthly trading volumes. The offerings include Cactus Custody™, spot OTC, fixed income, structured products, lending as well as asset management.

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