In the words of Ross Gan, Head of Public Relations at Matrixport, “Matrixport routinely engages with key stakeholders as part of its normal course of business, including investors keen to participate and enable our vision as a digital assets financial services provider.”
Crypto lender Matrixport targets $100M in funding to attain a $1.5B valuation.
The announcement came a few days after the firm revealed its exposure to FTX.
Matrixport’s leading investors have agreed to supply $50M worth of funds to the crypto lender. The firm is currently searching for more investors to raise the remaining $50M, with Ross adding,
“The funding commitments represent the confidence in our ability to capture new opportunities with recent industry developments.”
It is worth noting that Matrixport has not disclosed the identities of its investors.
In 2021, Matrixport raised $100M in its Series C funding round led by C Ventures, DST Global, and K3 Ventures, making it the first crypto platform to attain 'Unicorn' status.
The firm’s monthly trading value is estimated to be $5B, with the assets in its custody amounting to twice the amount. Matrixport also records over $700M in outstanding loans.
