Matrixport, an all-in-one crypto financial services hub, announced the completion of its all-cash acquisition of Crypto Finance (Asset Management) AG (CFAM), a licensed Swiss crypto asset manager that was previously part of the Deutsche Börse Group-owned Crypto Finance Group (CFG).
Now doing business as Matrixport Asset Management AG (MAM), the Switzerland-headquartered division is focused on offering institutional-grade digital assets investment solutions, managing the FINMA-approved crypto-assets fund while providing an extensive range of crypto digital investment products as well as key structuring capabilities.
In the coming years, traditional financial institutions and Fintechs are expected to enter the nascent digital assets and Web3 investment sector. Given these anticipated developments, crypto-assets platforms are planning accordingly so they can onboard a significant number of new clients with varied appetites for investment products.
John Ge, Co-Founder & CEO of Matrixport, said that the strategic acquisition enables clients access to compliant crypto asset management products, and aligns with their overall business strategy to further expand services in European markets.
According to the announcement, CFAM’s former head of asset management has now been appointed CEO of MAM.
Stefan Schwitter, CEO of Matrixport Asset Management, added that their complementary strengths will aim to add value to the client base of Matrixport Group.
Christopher Liu, Matrixport’s Chief Compliance Officer & Head of Regulatory, said the acquisition expands their regulatory footprint in Switzerland and highlights their commitment towards working cooperatively with regulators to examine current regulations and refine digital assets specific regulations in the coming years.
The transaction has received all “necessary regulatory approvals”, including from FINMA, and has now been finalized, the announcement confirmed.
Founded in 2019, Matrixport aims to serve as the hub for digital assets and financial services.
With a reported $6 billion in AUM, Matrixport provides various crypto financial solutions designed for capital efficiency and sizeable returns.
Matrixport is licensed in Hong Kong (TCSP and Money Lender), operates as an Appointed Representative in the UK, is registered as an MSB in the US, and is a member of Switzerland’s FINMA SRO-VFQ.
