The cryptocurrency financial services platform has approximately $ 10 billion in assets under management.

Matrixport, a company led by the founder of Bitmain, announced yesterday that it had completed a Series C round of financing that took its valuation to more than a billion dollars. Reports released today indicate that the round was led by K3 Ventures, DST Global and C Ventures. Other partners involved in the round are Palm Drive Capital, Cachet Group, Tiger Global, A & amp; T Capital and CE Innovation Capital.

The company’s CEO Ge Yuesheng confirmed that the round raised more than $ 100 million. He also explained that the company intends to offer banking services for cryptocurrencies rather than providing wallet services and acting as an exchange for users.

« We are not an exchange ; we are not a wallet. We are a cryptocurrency bank “, he said.

Yuesheng further claimed that the company now plans to go public in the next five years in the hope of having secured hundreds of billions of dollars of assets under management.

« Crypto banking is still a rapidly expanding niche compared to wallets and exchanges. Our clients are mainly very high net worth crypto people who have a wide variety of expectations for risk and return. »

Matrixport exists since 2019, having been created by the founder of Bitmain. Since its inception, the crypto financial services platform has raised $ 129 million. It has also achieved unicorn status, making it the second setup in crypto for holder Yuesheng Ge to do so. The latest funding round, as described by the company, is intended to invest in research activities, extend security and improve the user experience.

The company has reached impressive heights over the past two years, as it now manages $ 10 billion in assets. The company said that it plans to strengthen its position in the global cryptocurrency sector thanks to the funds obtained in this round. Matrixport provides a variety of cryptos services to its clients, including facilitating crypto custody, currency trading and asset management for institutional clients.

Matrixport’s partner companies congratulated it on its structure in the crypto field and welcomed the curation offered by its platform.

« Matrixport has demonstrated outstanding leadership as a digital asset financial services platform by being the first to offer a well-structured suite of innovative cryptocurrency investment offerings “, noted MX Kuok, of K3 Ventures.

The digital asset financial services business adds to several crypto companies that have raised funds in recent months. It also shows that companies are increasingly eager to invest in cryptocurrencies, despite the collapse of the cryptocurrency market.