Bitmain co-founder turns his second crypto venture into Unicorn

Crypto-finance startup Matrixport is on the way to becoming a Unicorn, with crypto banking seen as a faster growing niche than wallets and exchanges. — AP Photo

Matrixport, the crypto-finance venture led by Bitmain Technologies Ltd.’s billionaire founder Wu Jihan, has raised fresh capital from investors including DST Global and Tiger Global, ramping up its pre-money valuation to US$1bil (RM4.23bil) in two years since its inception.

The Series C funding round was led by DST Global, C Ventures and K3 Ventures with other participants including Qiming Venture Partners and existing backers like IDG Capital and Dragonfly Capital, the firm said in a statement Monday.