Matrixport expands presence in Europe with acquisition of Switzerland-based Crypto Finance Asset Management

Renaming of the FINMA-supervised entity to Matrixport Asset Management AG

SINGAPORE, Oct. 1, 2024 /PRNewswire/ — Matrixporta leading all-in-one crypto financial services hub, today announced the completion of the 100% cash-settled acquisition of Crypto Finance (Asset Management) AG (“CFAM”), a licensed Swiss crypto asset manager was previously part of the Crypto Finance Group (CFG), which belongs to the Deutsche Börse Group.

Renamed Matrixport Asset Management AG (“MAM”), the Swiss-based legal entity is a pioneer in providing crypto investment solutions to institutional investors. It manages the first FINMA-approved crypto fund and offers a comprehensive range of crypto -Investment products and structuring options.

John Ge, co-founder and CEO of Matrixport, said: “We are pleased about the founding of MAM and warmly welcome the team to the Matrixport family. The acquisition gives our clients access to the most innovative and compliant crypto asset management products and is in line with our strategy to further expand our services in Europe.”

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 now be one of the true crypto pioneers in the digital assets industry. Our complementary strengths will provide real added value to Matrixport Group’s existing and future customer base on a global scale.”

With the integration, Matrixport reinforces its commitment to regulatory compliance while strengthening its market leadership in crypto asset management.

Christopher Liu, Chief Compliance Officer & Head of Regulatory at Matrixport, said: “The acquisition expands our regulatory footprint in Switzerland and reflects our ongoing commitment to ongoing collaboration with regulators to review existing regulations and refine the specific rules for virtual assets in the coming years.”

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

Information about Matrixport

Founded in 2019, Matrixport is the world’s leading all-in-one crypto financial services hub. With $6 billion in assets under management, Matrixport offers global users various 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 USA and is a member of FINMA’s Swiss SRO-VFQ. The company was recognized by CB Insights as one of the “50 Most Promising Blockchain Companies” and listed in the Hurun “2024 Global Unicorn List.”

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