Matrix models play an important role in studies of quantum gravity, being candidates for a formulation of M-theory, but are notoriously difficult to solve. In this work, we present a fresh approach by introducing a novel exact model, provably equivalent with a low-dimensional bosonic matrix model, which is on its own a well-known, unsolved model of quantum chaos. In our equivalent reformulation local structure becomes apparent, facilitating analytical and precise numerical study. We derive a substantial part of the low energy spectrum, find a conserved charge, and are able to derive numerically the Regge trajectories. To exemplify the usefulness of the approach, we address questions of equilibration starting from a non-equilibrium situation, building upon an intuition from quantum information. We finally discuss possible generalisations of the approach.