Crypto banking platform Matrixport hits unicorn status

Matrixport, which claims to be one of Asia’s fastest growing digital asset platforms, has joined the unicorn club, after it closed a Series C round.

The exact size of the investment was not disclosed, but brings Matricport’s total funding raised to $129m.

C Ventures, K3 Ventures and partners of DST Global served as the lead investors to the round. Additional commitments came from Qiming Venture Partners, CE Innovation Capital, Tiger Global, Cachet Group, Palm Drive Capital, Foresight Ventures and A&T Capital.

Some of Matrixport’s existing backers also joined the Series C, including Lightspeed, Polychain, Dragonfly Capital, CMT Digital and IDG Capital.

This equity line will help the FinTech unicorn bolster its research and development efforts to increase its product offerings. It also plans to use capital to further its global expansion efforts and is looking to continue the roll-out of its services around the world.

Founded in 2019, the company hopes to be a one-stop financial services platform. The company currently offers a full suite of cryptocurrency financial services. Its features include institutional custody, trading, structured products and asset management.

Matrixport claims it is the world’s first crypto dual currency product.

Matrixport co-founder and CEO John Ge said, “We are more than a gateway to the crypto economy. Matrixport is where both institutional customers and individuals find it easy to get more from their crypto, beyond just trading. We are continually pushing out more new ways to invest crypto and earn yields in a safe and sustainable manner.

“We believe that it is very important to give the choice back to our customers with a range of innovative crypto investment products.”

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