Matrixport is a Singapore-based crypto financial services company founded in 2019. It operates primarily as a digital asset platform – offering trading, structured products, custody, and wealth management – but also runs an active investment arm that backs early-stage crypto and Web3 projects. The company spun out of Bitmain, the dominant Bitcoin mining hardware maker, giving it deep connections across the mining, exchange, and infrastructure layers of the industry.
The firm raised over $100 million in a Series C round in 2021, reaching a valuation above $1 billion and becoming one of the few crypto-native unicorns headquartered in Singapore. Its AUM across managed products reportedly exceeded $10 billion at the 2021–2022 market peak, though the company has not disclosed updated figures since the bear market. Crunchbase profile
Matrixport's investment thesis centers on infrastructure, DeFi primitives, and institutional-grade tooling. With a base in Singapore, the firm benefits from the city-state's relatively clear crypto regulatory environment and draws on a network of institutional clients across Asia. Most of its portfolio activity has been concentrated in the Asia-Pacific corridor, though it has co-invested alongside Western funds on select deals.
Notable investments
Public information about specific Matrixport Ventures portfolio companies is limited. The firm does not maintain a public portfolio page and has not disclosed most deal terms. Based on publicly reported activity, confirmed or widely cited investments include early-stage rounds in DeFi protocols and infrastructure projects operating in the Ethereum and BTC ecosystem. The metadata indicates 8 portfolio companies and 3 lead investments, but individual project names have not been broadly disclosed in public filings or press releases as of mid-2025.
- Portfolio breadth: 8 known portfolio companies across the crypto infrastructure and DeFi categories
- Lead investments: 3 deals where Matrixport led the round
- Retail ROI signal: 0.22 – a modest positive return relative to entry prices across tracked positions
Team
Jihan Wu is the most prominent figure associated with Matrixport. Wu co-founded Bitmain in 2013 and was instrumental in scaling it into the world's largest Bitcoin mining hardware manufacturer. He stepped back from Bitmain's day-to-day operations amid a public boardroom dispute in 2018–2019 and subsequently co-founded Matrixport. John Ge serves as CEO. Ge previously worked inside the Bitmain organization and brought operational experience in finance and product. Beyond Wu and Ge, Matrixport has not publicly named additional managing partners for its ventures arm.
Recent activity
Matrixport drew unexpected attention in January 2024 when an internal research note predicted that a US Bitcoin ETF approval was unlikely before the halving. The report circulated widely and contributed to a brief but sharp Bitcoin price dip of roughly 7% within hours. The incident highlighted the firm's growing influence as a market commentator, though it also drew criticism for the forecast's accuracy – the SEC approved spot Bitcoin ETFs just days later. CoinDesk coverage of the January 2024 report
In the 2024–2025 cycle, Matrixport focused on expanding its structured products offering for institutional and high-net-worth clients in Asia, as rising prices renewed appetite for yield-generating strategies on BTC and ETH. The firm also positioned itself as a custodian for family offices entering digital assets for the first time.
Matrixport occupies a distinct niche: it is neither a pure VC fund nor a traditional exchange, but a hybrid that combines managed money, proprietary research, and selective venture bets. Its Bitmain lineage gives it credibility with miners and hardware ecosystems that most Singapore-based funds lack. Whether its investment arm scales into a standalone franchise or remains secondary to the services business is the key open question for the firm's next chapter. Official site
