Asia's leading crypto financial services platform, Matrixport, has officially reached unicorn status following a successful Series C funding round. The company, which provides a comprehensive suite of digital asset services, has achieved a valuation exceeding $1 billion just two years after its founding.
This latest investment round was co-led by partners of DST Global, C Capital, and K3 Ventures. It saw participation from a notable group of investors, including Qiming Venture Partners, CreditEase FinTech Investment Fund, Tiger Global, and others. To date, Matrixport has raised a total of $129 million in funding.
A Comprehensive Suite of Crypto Financial Services
Matrixport offers a full spectrum of cryptocurrency financial services tailored for both individual investors and institutional clients. Its integrated platform includes institutional-grade custody, trading, lending, structured products, and asset management solutions.
By March 2021, the platform had already surpassed $10 billion in assets under management and custody. Its monthly trading volume across all product lines reached approximately $5 billion, signaling rapid adoption and strong market confidence.
The company's mission, since its establishment in 2019, has been to build a one-stop-shop for all crypto financial needs. Driven by continuous technological innovation, Matrixport has experienced exponential growth by offering a diverse product portfolio designed for users with varying risk appetites and return expectations.
Leadership's Vision for a Decentralized Financial Future
The company's leadership emphasizes a belief in an open and decentralized blockchain ecosystem as the cornerstone of a new era of financial networks.
"I have always believed that an open and decentralized blockchain ecosystem is the cornerstone of the financial network of the new era, and it will benefit a significant portion of the world's population. Therefore, the value created, stored, and transmitted on this new financial network will be counted in hundreds of trillions of dollars," said Jihan Wu, Co-Founder and Chairman of Matrixport.
The platform aims to be more than just an entry point into crypto finance. Beyond trading, it allows users to invest easily and earn diversified yields through its dedicated application.
"We are not just an entry point for crypto finance. Beyond trading, institutional clients and individual investors can easily invest in cryptocurrencies and obtain diversified yields on the Matrixport App. We continue to launch new cryptocurrency investment solutions, enabling customers to participate in cryptocurrency investment more safely and sustainably. We believe it is very important to provide a series of innovative cryptocurrency investment products and give the investment choice to the customer," stated Ge Yuesheng, Co-Founder and CEO of Matrixport.
Utilization of Funds and Global Expansion Plans
The newly acquired capital will be primarily allocated to research and development efforts. The goal is to enhance the security and robustness of its systems and products, foster further innovation, and deliver a superior user experience.
A portion of the funds will also support Matrixport's global expansion strategy. This includes pursuing necessary licenses and approvals to operate compliantly in multiple jurisdictions worldwide, strengthening its international presence.
The company’s core vision is to "make cryptocurrency beneficial for everyone." These planned upgrades and expansions are designed to make its services accessible to a broader global audience, driving further adoption of digital assets.
Investor Confidence and Market Outlook
Investors have expressed strong confidence in Matrixport’s business model and its alignment with the future of finance. They cite the growing acceptance of blockchain-based cryptocurrencies and the need for new avenues to earn yield, enhance liquidity, and manage crypto as an emerging asset class.
The platform is recognized for its well-designed suite of innovative cryptocurrency investment products, which has helped it establish a strong market position. It serves everyone from crypto novices to experts and sophisticated institutional clients, creating significant value in the global market.
As an early investor, one firm noted its excitement at seeing Matrixport's continuous growth and innovative development within this emerging asset class, highlighting its potential to become a critical gateway for crypto applications.
Frequently Asked Questions
What is Matrixport?
Matrixport is a Asia-based cryptocurrency financial services platform that provides a comprehensive range of services, including crypto trading, custody, lending, and structured investment products. It caters to both individual investors and institutions.
How much funding has Matrixport raised?
Matrixport has raised a total of $129 million through its funding rounds. Its recent Series C round propelled its valuation to over $1 billion, granting it unicorn status.
What makes Matrixport different from other crypto exchanges?
Unlike many exchanges that focus primarily on trading, Matrixport offers a wider array of financial services like lending, structured products, and asset management, aiming to be a one-stop-shop for crypto finance. This allows users to not just trade but also earn yield on their assets. For those looking to explore a platform with a wide range of tools, you can discover advanced crypto financial services.
Who can use Matrixport's services?
Its services are designed for a broad audience, from retail investors new to cryptocurrencies to large institutional clients seeking sophisticated investment and custody solutions.
What is Matrixport's future plan?
The company plans to use its new funding to enhance its product security, drive innovation, and expand its global operations by obtaining licenses in new jurisdictions to serve a wider customer base compliantly.
Is Matrixport a secure platform?
Matrixport emphasizes institutional-grade security for its custody services and has successfully managed over $10 billion in client assets, indicating a strong trust from its users. To ensure you're using secure methods, it's wise to learn about robust security practices.