Paper Rex finish third at the VCT Masters Madrid. (Photo: Riot Games)

Singaporean powerhouse Paper Rex bowed out of the VALORANT Champions Tour (VCT) Masters Madrid in third place after losing to American team Sentinels, 1-2, in the lower bracket finals on Sunday (24 March).

Paper Rex entered Masters Madrid as the second seed from the Pacific region after finishing second in the VCT Pacific Kickoff.

They stumbled early with a 1-2 loss to China's EDward Gaming in the Swiss format Group Stage but quickly regained their footing by securing a hard-fought 2-1 victory against Team Heretics. Bolstered by this win, they continued their ascent by defeating Karmine Corp 2-1 in the Group Stage finale, earning themselves a spot in the Playoffs.