Matrixport

Matrixport was founded in 2019 in Singapore. The company offers financial services related to cryptocurrencies, including their storage, trading, lending, asset management to both legal entities and individuals.

History

2022: Investing in Wingriders

WingRiders, a decentralized exchange deployed in the Cardano test network ('DEX'), announced the completion of a round of initial and private financing with the participation of a number of well-known crypto investors, including Matrixport. More details here.

2021: Raising $100 million, estimated at more than $1 billion

On August 2, 2021, the Matrixport startup in the field of crypto banking and financial services, allocated from Bitmain Technologies, announced the attraction of funding in the amount of $100 million with an estimate of more than $1 billion. The main investors were funds C Ventures and K3 Ventures.

The Series C financing round was attended by foundation partners Yuri MilnerST Global, as well as Qiming Venture Partners, CE Innovation Capital, Tiger Global, Cachet Group, Palm Drive Capital, Foresight Ventures and A&T Capital.

We are more than just a gate to cryptoeconomics. Matrixport is a place where both institutional clients and individuals can easily get more from their cryptocurrencies than just trading. We constantly offer all new ways to invest cryptocurrencies and make profits in a safe and sustainable way, "said John Ge, co-founder and chief executive officer of Matrixport.

Partners of the Yuri Milner Foundation invested in the cryptocurrency company Matrixport

The company calls itself a neo-bank and offers a full range of services for retail customers, including storage, trading, lending and structured products, as well as asset management for cryptocurrencies and other digital assets.

I have always believed that the open and unresolved blockchain ecosystem is the basis of a new financial network that will benefit a significant part of the world's population. As a result, hundreds of trillions of values ​ ​ will be created, preserved and transferred in this new financial network, said Jihan Wu, co-founder and chairman of the board of directors of Matrixport.

As of March 2021, the company held more than $10 billion of client assets under management and guardianship and recorded $5 billion in monthly transactions for all its product lines.

As blockchain-based digital assets become increasingly common and recognized, new ways are needed to generate returns, source liquidity, and manage crypto assets as a new asset class. Matrixport has every opportunity to meet the growing demand for this new area of ​ ​ investment, driven primarily by the younger generation, said Adrian Cheng, founder of C Ventures.

Matrixport intends to use the funding to invest in research and development to further expand its product portfolio and create a better user experience. The company also wants to expand its global reach, as well as obtain licenses to work in more different jurisdictions.

As of August 2, 2021, the company has licenses in Hong Kong and Switzerland and has more than 220 employees serving both institutions and retail customers in Asia and Europe.^[1]

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