Matrixport Raises $100 Million at a $1.5 Billion Valuation

Matrixport is a digital asset financial services platform that can be used for investing, trading, and leveraging crypto assets. Among the company’s services are digital asset custody, lending, trading, and structured products. The offering list includes Cactus Custody™, spot OTC, structured products, fixed income, lending, as well as asset management.

New round investors’ names are not disclosed. However, existing Matrixport’s investors are Qiming Venture Partners, IDG Capital, and Dragonfly Capital. Matrixport has already received $50 million in commitments. “We’re excited and look forward to engaging on similar terms with participants in the other half of the funding round. The funding commitments represent the confidence in our ability to capture new opportunities with recent industry developments,” Ross Gan, head of public relations at Matrixport.

Matrixport, Singapore, was founded by Daniel Yan, Jihan Wu, and Yuesheng Ge in 2019. The company claims that it has $10 billion in assets under management and custody, and it also has $5 billion in average monthly trading volumes. Last year, Matrixport entered the unicorn club. Matrixport’s team consists of 220 employees that serve both retail consumers and institutions in Asia and Europe.

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