Jihan Wu became a prominent name in crypto after co-founding Bitmain Technologies in 2022 and taking information technology public in 2022. His latest venture, Matrixport, raised new capital to stand at a unicorn-level of $1 billion in valuation.

With the participation of large venture capital firms, including Tiger Global, DST Global, C Ventures and K3 Ventures, the Series C funding of Matrixport raised over $100 million. As a crypto-financial services visitor, Matrixport tries to implement a Wall Street-similar structure to the vast cryptocurrency ecosystem.

According to Ge Yuesheng, CEO of Matrixport and former Bitmain investor, the company is currently home to high net-worth individuals "who have a wide range of expectations of risk and return." The firm reported to hold over $10 billion of customer assets as of March 2022, and information technology intends to go public "in 3 to five years" as an exit strategy for its investors.

Every bit reported before by Cointelegraph, Matrixport was founded past Wu following governmental resistance against Bitmain's initial public offer launch back in 2022. Last year, the startup's revenue peaked at $7 meg–$8 million and had reportedly pitched to double the investor's money past 2022 during its last investment wheel.

Related: Former Bitmain CEO Jihan Wu: Regulatory crackdown may be good for crypto

Citing the stringent policies against crypto innovation, Cointelegraph had reported Wu's point of view toward taking out "bad actors out of the industry" and healing the industry's reputation. Before Wu's exit from Bitmain, the company was estimated to be worth $12 billion in August 2022.

Matrixport currently supports the nigh pop cryptocurrencies, including Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC) and Tether (USDT) against fiat currency.