Foresight Ventures Participates in Matrixport Series C Funding Round
Matrixport, Asia’s fast growing digital assets financial services platform closed its Series C funding with a valuation of over USD 1 billion — two years after its establishment. Foresight Ventures participated in this round of financing as a long-term partner. This round was led by partners of DST Global, C Ventures and K3 Ventures with other participants including Qiming Venture Partners, CE Innovation Capital, Tiger Global, Cachet Group, Palm Drive Capital, Foresight Ventures and A&T Capital, including earlier investors Lightspeed, Polychain, Dragonfly Capital, CMT Digital and IDG Capital. The Singapore-based start-up has raised $129 million to date.
Matrixport offers a full suite of cryptocurrency financial services including institutional custody, trading, lending, structured products and asset management to retail and institutional clients. As of March 2021, the company held over $10 billion of client assets under management and custody, and recorded $5 billion in monthly transactions across all product lines.
“I always believe an open and permissionless blockchain ecosystem is the bedrock of a new financial network that will benefit a large part of the world’s population. As a result, there will be hundreds of trillions of value created, stored and transferred on this new financial network,” said Jihan Wu, Chairman of Matrixport.
Fengxiao Bai, co-founder of Foresight Ventures, believes that “ the traditional value network will face a new paradigm shift with the development of blockchain technology, and clients will make new demands for asset management. As an industry leader, Matrixport has ability to lead product innovation and create benefits for its clients.
Foresight Ventures is proud to be Matrixport’s long-term partner and will continue to support its global expansion.”
About Foresight Ventures
Foresight Ventures is a blockchain technology-focused investment firm founded in 2020 and, it is an international venture capital firm with 10 years of investment experience. Foresight Ventures has built a global network of experts, including members from top Internet companies, IT companies and financing institutions.
Foresight Ventures is the largest shareholder of Bitget and Bitkeep. We also invest in primary, secondary and mothers’ funds, with nearly 80 million dollars asset under management.
Foresight Ventures is focused on identifying disruptive innovation opportunities that will change the industry over a 20-year and beyond cycle. We are transparent, multidisciplinary, international, and Long-termism, and provide all-round support to help projects from 0–1 and 1–100.
E-mail: fv@foresightventures.com
About Matrixport
Matrixport is one of Asia’s fastest growing digital asset financial services platforms. With $10 billion in assets under management and custody, it provides one-stop crypto financial services with over $5 billion in average monthly trading volumes. The offerings include Cactus Custody™, spot OTC, fixed income, structured products, lending as well as asset management.
Headquartered in Singapore, Matrixport’s mission is to make crypto easy for everyone and its motto is “Get More From Your Crypto”. The company holds licenses in Hong Kong and Switzerland with over 220 employees serving both institutions and retail customers across Asia and Europe. For more information, visit www.matrixport.com.
