Jihan Wu’s Matrixport Raises $100 Million — Singapore Startup Joins Rising Checklist of Crypto Unicorns – Finance Bitcoin Information

Jihan Wu’s Matrixport Raises 0 Million — Singapore Startup Joins Rising Checklist of Crypto Unicorns – Finance Bitcoin Information

Matrixport, the digital forex monetary providers firm co-founded by the previous Bitmain CEO Jihan Wu, has revealed the corporate has raised $100 million in a Collection C financing spherical. The funding has propelled Matrixport’s valuation to unicorn standing because the agency now has a valuation of over $1 billion.
Matrixport Now Valued at $1 Billion, Firm Raises $100 Million in Collection C
On Sunday, the corporate Matrixport, a monetary providers agency that makes a speciality of cryptocurrency options, administration, and custodial providers, revealed the corporate has raised $100 million from a slew of strategic traders. The $100 million Collection C funding spherical was led by DST World, C Ventures, and K3 Ventures.
Moreover, different traders embrace A&T Capital, Foresight Ventures, Lightspeed, Polychain, Dragonfly Capital, CMT Digital, and IDG Capital. The Singapore-based start-up Matrixport plans to make use of the financing to proceed bolstering the corporate’s enlargement.
Matrixport particulars that to this point, the startup has raised a complete of $129 million and the most recent financing has reworked the agency right into a crypto unicorn. In keeping with the corporate, Matrixport has $10 billion in belongings below administration (AUM) and the startup’s providers cope with $5 billion per thirty days in international commerce quantity.
“I at all times imagine an open and permissionless blockchain ecosystem is the bedrock of a brand new monetary community that can profit a big a part of the world’s inhabitants,” the corporate’s co-founder Jihan Wu mentioned in an announcement. Matrixport’s Wu continued by including:
In consequence, there can be lots of of trillions of worth created, saved, and transferred on this new monetary community.

Financing to Be Used for World Growth, Securing Licenses to Function in Extra Jurisdictions
Along with international enlargement, the financing can be leveraged for analysis and improvement (R&D), product choices, safety enhancements, and optimizing the consumer expertise. “The funds can even be used to assist its international enlargement in addition to to safe licenses to function in additional jurisdictions,” Matrixport emphasizes.
Adrian Cheng, the founding father of C Ventures and CEO of New World Group, believes Matrixport will bolster the broader adoption of blockchain know-how and cryptocurrency options.
“As blockchain-based digital belongings achieve wider adoption and acceptance, new pathways are wanted to seize yield, supply liquidity, and handle crypto belongings as an rising asset class,” Cheng mentioned. With deep data of conventional finance and a eager understanding of crypto belongings, Matrixport is nicely positioned to reply the rising demand for this new space of funding, pushed primarily by the youthful generations,” the New World Group CEO concluded.
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