Matrixport, a crypto financial services hub, announced the completion of its all-cash acquisition of Crypto Finance (Asset Management) AG (CFAM), which is a licensed Swiss digital asset manager that had earlier been part of the Deutsche Börse Group-owned Crypto Finance Group (CFG).
Now doing business as Matrixport Asset Management AG (MAM), the Switzerland-based unit is a key player focused on offering institutional-grade crypto investment solutions, managing the first FINMA-approved crypto fund while offering a “comprehensive suite” of crypto investment products as well as “structuring capabilities.”
John Ge, Co-Founder & CEO of Matrixport, said that they’re pleased with the establishment of MAM and welcome the team to the Matrixport family.
John added that the acquisition enables clients access to compliant crypto asset management products, and aligns with their strategy to “further expand services in Europe.”
CFAM’s previous head of asset management has been appointed CEO of MAM.
Stefan Schwitter, CEO of Matrixport Asset Management, added that they’re pleased to join one of the crypto firms in the digital assets sector.
Stefan also noted that their complementary strengths will add value to the “existing and future client base of Matrixport Group on a global level.”
The integration re-affirms Matrixport’s commitment towards regulatory compliance while strengthening its market position in digital asseta management.
Christopher Liu, Matrixport’s Chief Compliance Officer & Head of Regulatory, said that the acquisition expands their regulatory footprint in Switzerland and reflects their commitment towards collaborating with regulators to review regulations as well as “refine virtual assets specific regulations in the years to come.”
The transaction has now reportedly received all “necessary regulatory approvals,” including from FINMA, and has been completed.
Established back in 2019, Matrixport is the hub for crypto financial services.
With $6 billion in AUM, Matrixport explains that it aims to offer users with fairly diverse crypto financial solutions designed for optimal capital efficiency and sustainable 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.