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).
We’re thrilled to announce that we officially completed the acquisition of Crypto Finance (Asset Management) AG (CFAM) @CryptoFinanceAG, now rebranded as Matrixport Asset Management AG (MAM), providing compliant crypto asset management services in Europe! #Matrixport #Compliance pic.twitter.com/zWr6NuGR60
— Matrixport Official English (the only official X) (@Matrixport_EN) September 30, 2024
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.
Matrixport has acquired Swiss-based Crypto Finance (Asset Management) AG, rebranding it as Matrixport Asset Management AG. This move expands Matrixport’s footprint in Europe, enhancing its institutional-grade crypto investment solutions. #crypto #bitcoin
— GoodTheBest 💎 (@MalikSchezad) September 30, 2024
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.”
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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.