A few days ago, MathWallet announced the completion of the A+ round of financing of US$7.8 million, led by Alameda Research and Multicoin Capital. MathWallet is a multi-platform cross-chain wallet that supports more than 50 public chains. Headquartered in Hong Kong, Alameda Research is a leading quantitative cryptocurrency trading firm and liquidity provider. Multicoin Capital is a theory-driven crypto investment firm investing in tokens that are reshaping all sectors of the global economy.
This strategic cooperation with Alameda Research and Multicoin Capital will help MathWallet to establish a wider decentralized ecology. Through cooperation with Solana, Serum and other blockchain ecosystems, it will open up the global market and provide blockchain users with more Friendly experience.
Sam Bankman-Fried (SBF), founder and CEO of Alameda Research, said: We are very pleased to enter into a strategic cooperation with MathWallet. As one of the leading wallets in this field, MathWallet will inject new vitality into the Serum ecosystem.
As an early investor in Math Wallet, Shen Bo, a partner of Fenbushi Capital, said: Math Wallet has made great breakthroughs in blockchain-based financial products, and the growth of users in the global market is remarkable. In just three years Since then, the team has grown from a small start-up company to one of the most influential companies in the industry. Math Wallet is currently the digital encryption wallet that supports the most public chains. This is an area full of opportunities and challenges, because we will begin to redefine finance World. He added that Math Wallets ability to obtain investment from Alameda Research and become its strategic partner is an important sign of its continuous improvement in its market position, and it also fully proves that the Math Wallet team continues to break through itself through product innovation.
Kyle Samani, founding partner at Multicoin Capital, said: The opportunity to co-invest in MathWallet with Alameda Research allows us to bring a strategic partner into their existing strong alliance with key market players. Together, we will support the MathWallet teams commitment to innovation. continued dedication.
Frank Fu, CEO of Math Global Foundation, said: We are very pleased to cooperate with Alameda Research. Since the beginning of 2020, Math Wallet has achieved profitability by providing wallet services. It has obtained considerable investment from early investors such as Fenbushi Capital and Fundamental Labs. financing, we decided to raise additional capital from industry leaders such as Alameda Research to further expand our business into global markets and accelerate our core product development development.”
About Alameda Research:
Founded in October 2017, Alameda Research manages more than US$100 million in digital assets and trades more than US$600 million to US$1.5 billion in various digital currencies and their derivatives on thousands of products every day. Alameda Research has a comprehensive global presence with the ability to trade on leading exchanges and markets. With years of experience at Jane Street, Optiver, Susquehanna, Facebook and Google, its team has built the most sophisticated trading system in the cryptocurrency world, citing extremely tight OTC spreads as a competitive advantage.
About Multicoin Capital:
Multicoin Capital is a theory-driven crypto investment firm investing in tokens that are reshaping all sectors of the global economy. Multicoin Capital manages a hedge fund and a venture capital fund, investing in public and private markets. Since its founding in May 2017, Multicoin Capital has quickly earned a reputation as a forward-looking, independent-minded company. Multicoin Capital is known for pioneering token economic models and valuation methodologies that challenged long-held assumptions taken for granted in the crypto ecosystem. Multicoin Capital team members are located in Austin, New York, and Hangzhou, China. Today, Multicoin Capital manages long-term capital on behalf of prominent venture capital funds, family offices, institutions and high net worth individuals.
About MathWallet:
MathWallet is a multi-platform cross-chain wallet. Its products include App wallet, web wallet, browser plug-in wallet, hardware wallet, etc., and supports BTC, ETH, EOS, Cosmos, Binance Chain, Solana, Polkadot, VeChain And more than 50 public chains, support decentralized cross-chain transactions, build a multi-chain DApp ecosystem, and participate in the node ecology of multiple POS public chains. MathWallets investors include Fenbushi Capital, FundamentalLabs and other well-known blockchain investment institutions.
