Blockchain

MatrixPort and exSat establish Comprehensive Strategic Partnership to Drive Bitcoin Ecosystem Innovation

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    Singapore, Singapore, September 18th, 2024, Chainwire

     

    MatrixPort, a leading digital asset financial services platform and exSat, a breakthrough Bitcoin scalability solution, have entered into a comprehensive strategic partnership. By leveraging their respective strengths, they aim to accelerate the growth and application of the Bitcoin ecosystem, marking the start of a new era in Bitcoin development.

    MatrixPort, a global one-stop digital asset financial services platform, brings extensive industry experience, robust technology, and a large user base to offer secure, convenient, and efficient digital asset trading and wealth management services. exSat Network focuses on developing unique scalability solutions for Bitcoin. Through the unique On-Chain UTXO data index, 1 second instant transaction confirmation, and secure asset custody solutions, it provides the Bitcoin network with more powerful scalability, functionality and interoperability, enabling new Bitcoin application scenarios.

    This powerful collaboration plays to the advantages of both parties and brings multiple benefits to the Bitcoin ecosystem. MatrixPort’s expertise and user base will support the rapid development of exSat, while exSat’s innovative technology will offer MatrixPort users more investment options and a superior experience. Together, they are committed to driving Bitcoin adoption and utility, revitalizing the Bitcoin ecosystem, and creating more value for users worldwide.

    This strategic partnership will focus on the following key areas:

    Unlocking Bitcoin Liquidity: Ushering in a New Era of BTCFi

    Matrixport will provide nBTC on the exSat platform, a new Wrapped BTC version of the product that is 1:1 anchored with Bitcoin. They plan to provide 5,000-10,000 nBTC on the exSat mainnet to boost liquidity and support exSat’s PoW+PoS consensus mechanism.

    The issuance of nBTC will become a bridge connecting Bitcoin and the exSat ecosystem, achieving seamless interoperability. Users can convert native BTC to nBTC via MatrixPort and utilize it on exSat for various BTCFi applications such as staking, lending, and trading.

    The issuance of nBTC holds significant implications in a context where 94% of Bitcoin has already been mined:

    • Unlocking Bitcoin Liquidity: Bringing dormant Bitcoin assets into the DeFi space and injecting liquidity into the exSat platform.
    • Expanding Bitcoin application scenarios: Utilizing exSat as a bridge to open up broader application scenarios for Bitcoin.
    • Enhancing Bitcoin User Experience: Leveraging exSat’s efficiency, providing Bitcoin users with more convenient, fast, and cost-effective transaction and wealth management services, promoting the popularization and utility of Bitcoin.

    Empowering Innovation and Expanding the exSat Mainnet Ecosystem

    MatrixPort will focus on driving the vigorous development of innovative dApp applications and services on the exSat platform, co-creating a more open, diverse and prosperous Bitcoin ecosystem.

    Key areas of focus include:

    • BTCFi On-Chain Applications: Supporting the development of nBTC staking, trading, and lending applications on the exSat chain, offering users more diverse financial services and investment options while enhancing on-chain asset liquidity.
    • Real World Assets (RWA): Facilitating the tokenization of real-world assets, such as renewable energy assets, on the exSat platform, combining Bitcoin digital assets with RWAs to unlock new liquidity and value.
    • Cross-Chain Interoperability: Connecting exSat with the BTC ecosystem, and promoting a wider distribution of value.

    This strategic collaboration will offer ecosystem developers comprehensive support, including technical guidance, marketing, and more, helping turn their innovative ideas into reality and promoting the prosperity of the exSat ecosystem. Together, MatrixPort and exSat will create more value for Bitcoin ecosystem participants, realizing the preservation and appreciation of digital assets, and ensuring sustainable, decentralized, and secure growth for Bitcoin.

    Building a Secure Bitcoin Ecosystem to Protect User Assets

    MatrixPort and exSat recognize that security is the cornerstone of Bitcoin ecosystem development. They will collaborate strategically to build an unbreakable on-chain security defence, safeguarding user assets.

    The partnership will integrate MatrixPort’s extensive security experience and exSat’s leading blockchain technology to enhance security in multiple areas:

    • Multi-signature Technology Application: The two parties will jointly explore and apply more decentralized multi-signature technology to provide users with safer asset management solutions and ensure the safety of user assets.
    • Security Specification Formulation: The two parties will jointly formulate and promote BTC asset security specifications and risk control systems, improve the security awareness and prevention capabilities of the entire ecosystem, and jointly maintain the security of users’ assets.
    • Security Monitoring Cooperation: exSat will use Matrixport’s rich security experience and resources to conduct comprehensive security risk monitoring of BTC assets issued on the exSat platform, identify potential risks and control risks in time, and ensure that the platform’s security meets the highest industry standards.

    MatrixPort and exSat firmly believe that a secure and reliable Bitcoin ecosystem is essential for users to participate confidently and enjoy the value and opportunities brought by Bitcoin. Together, they will continuously improve security measures, safeguard user assets, and promote the healthy growth of the Bitcoin ecosystem.

    About exSat

    exSat is dedicated to addressing the scalability and interoperability challenges of Bitcoin. By implementing a Data Consensus Extension Protocol that combines Proof of Work (PoW) and Proof of Stake (PoS), exSat aims to enhance BTC’s data consensus, scalability, security, and interoperability within the ecosystem. For more information, visit exsat.network and join exSat on X.

     

    Contact

    CMO
    Tristan Dickinson
    exSat
    tristan.dickinson@exsat.org

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    Statt Secures $2.8 Million Seed Round to Scale its AI and Data SaaS Platform for Public Policy and Regulatory Insights and Analysis

    2024-09-19T18:01:00Z

    The round was led by Moneta Ventures, and includes participation from Clutch VC, Next Coast Ventures, and NextGen Venture Partners

    WASHINGTON and AUSTIN, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Statt Inc., an innovative big data and artificial intelligence company for the public policy, regulatory, and strategic communications sectors, today announced it secured $2.8 million in seed funding. The round is led by Moneta Ventures, and includes participation from Clutch VC, Next Coast Ventures and NextGen Venture Partners.

    Statt’s latest funding follows a $1.6 million pre-seed round led by NextGen in Nov. 2020, and will enable Statt to expand its sales, marketing, engineering, and machine learning teams to accelerate the development and deployment of its SaaS platform.

    Statt leverages cutting-edge AI, along with its proprietary global data stream of hundreds of millions of public policy documents to deliver real-time insights, streamline research processes and risk assessment, and enhance decision-making capabilities for large companies, professional services firms, government agencies, and smaller policy organizations seeking to navigate complex regulatory and legislative environments.

    Statt is led by its two co-founders, Steve Glickman, CEO, and Andrew Platt, Head of Product, who share deep policy backgrounds. Steve previously served as Co-Founder and CEO of the Economic Innovation Group, senior economic advisor for the White House National Security Council, and a committee staffer on Capitol Hill. Andrew was previously elected to the Maryland General Assembly, served as a congressional leadership staffer, and as an executive at an education and fintech company.

    “We are thrilled to partner with several best-in-class investors as we continue our journey to revolutionize the application of AI to complex flows of information across the public policy and regulatory affairs spaces,” said Steve Glickman, Co-Founder and CEO of Statt. “With this new funding, we will scale our team, grow our first-to-market data stream, and expand our analytics solutions to empower our customers to proactively navigate and shape the policy landscape.”

    Statt already counts several influential corporations and professional services firms among its customers and partners, including Microsoft, Visa, FTI Consulting, and Avoq. Notably, Statt was accepted into the Microsoft for Startups Pegasus Program, as well as the Google for Startups Program and the NVIDIA Inception Program, which have collectively awarded the company $700,000 in cloud computing credits.

    “Statt’s platform has been instrumental in helping us anticipate regulatory changes and understand their potential impacts across different markets,” said Brent McGoldrick, Senior Managing Director, FTI Consulting. “Working with their AI platform gives our experts great access to a wide range of range of capabilities and insights.”

    The investments from leading VC firms like Moneta, Clutch, Next Coast, and NextGen underscores the growing excitement behind cutting-edge AI companies with products tailored to large sectors previously underserved by technology solutions.

    “Statt is uniquely positioned at the intersection of AI and public policy, two areas undergoing rapid change,” said Aasim Hasan, Managing Partner at Moneta Ventures. “Their leadership team and technologists are truly industry experts, and we are excited to support Statt as it brings innovative technology to a space that is ripe for disruption and offers tremendous potential for growth and impact.”

    About Statt
    Statt is a global AI SaaS platform focused on surfacing mission critical public policy, regulatory, and geopolitical insights. Based in Washington, DC and Austin, TX, Statt is dedicated to providing real-time, data-driven solutions that empower large companies, professional services firms, government agencies, and policy organizations to navigate complex regulatory and legislative landscapes. For more information about Statt, please visit www.statt.com.

    About Moneta Ventures
    Moneta Ventures is an early-stage venture capital firm with offices in Austin, TX, and Folsom, CA. The firm invests in high-growth B2B technology companies along the US West Coast and in Texas. Founded by serial entrepreneurs with a track record of building and exiting large technology companies, Moneta works closely with founders to help companies scale operationally alongside capital investment. Moneta Ventures has invested in more than 50 companies since 2014, including Mindtickle, Grin, VideoVerse, Aumni, Sibros, and App Orchid. 

    Company Contact
    Steve Glickman
    info@statt.com


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