Matrixport, the crypto finance venture led by Bitmain’s founder, has closed a $100 million Series C round of funding, valuing it at more than $1 billion. To date, the Singapore-based startup has raised $129 million.

According to a press release on Monday, the round was led by partners at DST Global, C Ventures, and K3 Ventures. Qiming Venture Partners, CE Innovation Capital, Tiger Global, Cachet Group, Palm Drive Capital, Foresight Ventures, and A&T Capital also participated in the funding round.

Matrixport said the funds will be used to further research and develop its products and security while enhancing the platform's user experience.

As of March 2021, the company says it has more than $10 billion in assets under management and $5 billion in monthly trading volume across all products.