Crypto lender seeks $1.5 billion worth of funding despite FTX chaos

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

The Singapore outfit has lead investor commitments 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 not yet been finalized and the company is still seeking investors for the other half of the round, the people said, asking not to be identified while discussing private information. It is not immediately clear who the main investors in the cycle are.


#Crypto #lender #seeks #billion #worth #funding #FTX #chaos #Crypto

Related Articles

Back to top button