Matrixport, a prominent all-in-one crypto financial services provider, has successfully completed its acquisition of Crypto Finance (Asset Management) AG (CFAM) for cash. CFAM is a licensed Swiss crypto asset manager. It was previously part of the Deutsche Börse Group-owned Crypto Finance Group. Following the acquisition, the company will now be known as Matrixport Asset Management AG (MAM).
MAM is known for offering institutional-quality crypto investment products as it was the first to deploy the first fund, which was approved by FINMA of Switzerland. The firm provides a full spectrum of crypto investment solutions that enable clients to have complex tools for managing their assets.
Matrixport Expands Services in Europe with CFAM Acquisition
John Ge, Co-Founder and CEO of Matrixport, welcomed the formation of MAM. He said the acquisition enables clients to access new and compliant crypto asset management products easily. He stressed that this move is consistent with Matrixport’s plan to deepen its European services.
The former head of asset management at Crypto Finance has been hired as the CEO of MAM. The new CEO, Stefan Schwitter, also commented on the partnership, saying that it was a great opportunity to join Matrixport and leverage their synergies to offer more value to clients across the globe.
This integration demonstrates Matrixport’s compliance with the regulatory requirements and its potential to become a prominent crypto asset management industry player. Christopher Liu, the Chief Compliance Officer and Head of Regulatory Affairs at Matrixport said the acquisition will help the company strengthen its regulatory position in Switzerland. He reconfirmed their commitment to engaging with the regulators to enhance the current regulations concerning virtual assets.
Matrixport was established in 2019 and has quickly emerged as a prominent crypto financial services platform with about $6 billion of assets. The company provides a range of crypto financial services that help maximise capital effectiveness and achieve a sustainable income for users worldwide.
Lastly, the acquisition has been completed with all the relevant regulatory approvals, including FINMA. However, Matrixport is poised to improve its operations and service delivery in the competitive European market. This strategic move aligns with Matrixport’s vision of becoming a significant player in the digital asset market. This offers clients innovative investment solutions in the rapidly growing crypto space.
