Cryptocurrencies
Crypto Lender Seeks $1.5 Billion Funding Value Despite FTX Chaos
- Matrixport targeting $100 million funding in latest round
- Wu Jihan’s venture counted Tiger Global, Dragonfly as backers
This article is for subscribers only.
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 Singapore outfit has commitments from lead investors for $50 million at a valuation of $1.5 billion in the round, up from $1 billion a year earlier, according to people familiar with the matter. 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.