To improve and increase greater security, efficiency, confidentiality for end user in stream cipher algorithms and also increases complexity for all types of attackers such as correlation attack and linear syndrome attack. MAT-V algorithm is asymmetric key cipher technique each character is encrypted with different private keys. So that increases complexity for attacker to identify original message sent by user. This algorithm provides confidentiality, authentication and data integrity and access control. Different keys are generated based on mathematical solutions of encryption keys and decryption keys. This algorithm reduces drawbacks of PKZIP, ORYX and SEAL drawbacks.