Crypto Lender Seeks $1.5 Billion Funding Value Despite FTX Chaos

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Crypto Lender Seeks $1.5 Billion Funding Value Despite FTX Chaos

Bloomberg2022-11-25

Matrixport Technologies Pte, one of Asia’s biggest crypto lenders, is targeting $100 million in funding at a higher valuation, even as the fall of FTX reverberates across the digital asset market.The ...

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120PL
·2022-11-25
Good luck.
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Pluto891
·2022-11-25
survival of fittest... just like dot.com era
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The deal has yet to be finalized and the company is still seeking investors for the other half of the round, said the people, asking not to be identified discussing private information. It’s not immediately clear who the round’s lead investors are.“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,” the company’s public relations head Ross Gan said, confirming the fundraising plan.Matrixport, founded by crypto billionaire Wu Jihan, belongs to a class of firms trying to bring a familiar Wall Street formula to the virtual-asset landscape. It offers crypto financial services from custody to trading and structured products -- to both institutional and retail customers. 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