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Singapore Crypto Firm With $6 Billion In Assets Expands Into Europe With Cash Buy Of A Swiss Competitor

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Matrixport has finalised its purchase of Swiss-based firm, Crypto Finance. Plus: MEMEBET, A meme-themed casino nears $500k raised in presale

Matrixport, a Singapore-based, crypto financial services hub, today announced the completion of its all-cash acquisition of Crypto Finance Asset Management AG (CFAM). CFAM are a licensed Swiss crypto asset manager that was previously part of the Deutsche Börse Group-owned Crypto Finance Group (CFG).

Matrixport Signal Its European Expansion With CFAM Purchase

Renamed Matrixport Asset Management AG (MAM), the Switzerland-based firm, offers institutional-grade crypto investment services. It is also responsible for managing the first FINMA-approved crypto fund. Moreover, MAM offers a comprehensive suite of crypto investment products.

John Ge, Co-Founder & CEO of Matrixport, said in a press release: “We are delighted with the establishment of MAM and warmly welcome the team to the Matrixport family. The acquisition enables clients access to the most innovative, compliant crypto asset management products and aligns with our strategy to further expand services in Europe.”

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CFAM’s previous head of asset management has been appointed CEO of MAM.

Stefan Schwitter, CEO of Matrixport Asset Management, added: “We are thrilled to join one of the true crypto trailblazers in the digital assets industry. Our complementary strengths will add value to the existing and future client base of Matrixport Group on a global level.”

Christopher Liu, Matrixport’s Chief Compliance Officer and head of Regulatory, also spoke on the deal: “The acquisition expands our regulatory footprint in Switzerland and reflects our steadfast commitment to continually collaborating with regulators to review existing regulations and refine virtual assets-specific regulations in the years to come.”

The transaction has received all necessary regulatory approvals, including from FINMA, and has officially been completed.

Who Are Matrixport?

Founded in 2019, Matrixport is a world leader in all-in-one hubs for crypto financial services. It currently holds over $6 billion in AUM (assets under management) while offering global users diverse crypto-financial solutions designed for optimal capital efficiency and sustainable returns.

Matrixport is licensed in Hong Kong (TCSP and Money Lender) and operates as an appointed representative in the UK.

Moreover, it is registered as an MSB in the US and is a member of Switzerland’s FINMA SRO-VFQ. CB Insights recognized it as one of the “50 Most Promising Blockchain Companies.”

BONUS: MemeBet (MEMEBET) Presale Nears $500,000 As Investors Continue To Bet On The Casino Built For Degens

 

MemeBet is creating the perfect cocktail of sports betting and crypto degens with the MemeBet Casino. This new project is being built for all crypto degen gamblers.

It’s not your average crypto casino; it’s packed with features that will entice every type of gambler. Once live, the MemeBet casino will include many classic casino games. To accompany the traditional offerings, there will be some exclusive titles specifically for the crypto crowd.

Plus, there will be a full sports book for betting on the biggest leagues globally, including the NBA, EPL, NFL, and more. Users will be able to wager with the MEMEBET token as well as several other popular meme coins, such as DOGE, PEPE, and SHIB.

Amazingly, MemeBet Casino will also be available as a Telegram app with zero Know-Your-Customer (KYC) restrictions. No KYC, no problem; jump straight into your favorite casino action from your smartphone.

With big bonuses, VIP perks for high rollers, and many community rewards, MemeBet Casino is coming for Rollbit’s spot as the number one crypto casino. If you need any more proof that MEMEBET is going to be huge, then read on.

Whilst still in the presale stage, the team have already secured a sponsorship deal with the Argentinian National Football Team, meaning the football G.O.A.T, Lionel Messi, is on-board.

With over $340,000 already raised, there are less than 72 hours before the next price stage increase. Now is a great time to secure your bag and lock-in these low prices before it’s too late.

PRESALE LINK

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Alex is an aspiring writer focusing on the more degen side of the crypto world. Always on the lookout for the next hot narrative.

View all Posts by Alex

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