
Matador Gold Technologies
Bitcoin ecosystem company digitizing real-world assets.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | €0.0 | round | |
N/A | €0.0 | round | |
* | $100m | Post IPO Convertible | |
Total Funding | 000k |
Related Content
Matador Technologies Inc. is a publicly traded company on the TSX Venture Exchange (TSXV: MATA) that operates at the intersection of traditional finance and Bitcoin technology. Founded in 2021, the company initially focused on modernizing the gold buying experience through a mobile application. It has since evolved its strategy to become a Bitcoin ecosystem company, holding Bitcoin as its primary treasury asset while building products that enhance the Bitcoin network.
The leadership team includes co-founders Donato Sferra and Trevor Koverko, CEO and Chairman Deven Soni (formerly of Goldman Sachs and Tokens.com), President Sunny Ray (co-founder of India's first Bitcoin exchange, Unocoin), and Chief Visionary Officer Mark Moss. The company's strategy involves a 'compounding flywheel' that integrates strategic Bitcoin accumulation, developing Bitcoin-native products, generating yield from its treasury, and supporting the broader ecosystem.
Matador's flagship product initiative is a digital asset platform for creating and trading "Grammies," which are unique digital artworks etched onto 1 gram of physical gold and recorded on the Bitcoin blockchain using Ordinals technology. This platform allows users to buy, sell, and trade these digital collectibles, which can also be printed into physical gold artwork. The physical gold is sourced from the Royal Canadian Mint via a partnership with Kitco Metals Inc. and is securely stored at the Mint.
The company's business model transitioned to a hybrid technology/investment issuer, allowing it to invest in a range of assets including cryptocurrencies, precious metals, and both public and private technology companies. Matador has a significant Bitcoin treasury strategy, with plans to acquire up to 6,000 BTC by 2027, funded in part by a secured convertible note facility of up to US$100 million. The company has also expanded its global presence with a strategic investment in HODL Systems, an Indian digital asset treasury company, to license and distribute its products in the Indian market.
Keywords: Bitcoin ecosystem, digital assets, real-world asset tokenization, gold-backed crypto, Bitcoin treasury, Ordinals, digital collectibles, blockchain technology, financial technology, public company, TSXV: MATA, investment vehicle, capital markets, cryptocurrency investment, precious metals, digital art, financial innovation, asset digitization, mobile trading app, crypto-asset management