December 19, 2022, 4:04PM EST
• 61 min read

Matrixport Company Intelligence

Quick Take

  • Founded in 2019 as a spinoff from Bitmain, Matrixport is a crypto financial services provider offering innovative products in five main verticals: asset management, prime services, ventures, smart trading and custody (via Cactus Custody)
  • By leveraging its expertise and connections from Bitmain, Matrixport was able to build a strong position as a crypto lender / custodian for miners during its early days
  • Crypto asset management needs have been rapidly evolving in the past three years – by introducing innovative and timely financial products for its clients, Matrixport was able to attract various financial institutions and crypto businesses as its next influx of clients (+50% YoY institutional client growth in 2022)
  • This year, Matrixport released more structured products /strategies targeting low risk appetite clients and is currently revamping its products to provide more transparency & risk disclosure to its clients
  • In November 2022, Matrixport confirmed a fundraising plan at a $1.5 billion valuation and had secured $50 million in commitments – the funds will be used to (1) further  build-out Matrixport’s prime brokerage, asset management and custody product offerings, (2) hire top talents and (3) acquire additional licenses (US, UK and Asia)

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