Matrixport—the crypto financial services platform that bills itself as a neo-bank—announced late Sunday evening the close of a Series C fundraise that clinches the firm $100 million at a more than $1 billion pre-money valuation.
Launched in 2019 as a spin-off of Bitmain, Matrixport is a large crypto player in Asia with around $10 billion in assets under management (AuM). Its platform offers a wide range of services, including trading, lending, and fixed-income-like products.
“We are not an exchange, we are not a wallet,” John Yuesheng Ge, CEO of Matrixport said in an interview with The Block. “We are a crypto bank.”
As for the round, it was backed by partners at DST Global, C Ventures, and CE Innovation Capital, as per a media release. Other investors include Tiger Global, Polychain, and Dragonfly.
Matrixport’s fundraise announcements follows similar raises by a long list of crypto firms, including Fireblocks, Paxos, and crypto exchange FTX. Matrixport has raised $129 milli
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