Matrixport Acquires Swiss Crypto Asset Manager

Matrixport has expanded its European presence with the acquisition of Crypto Finance (Asset Management) AG (CFAM), a licensed Swiss crypto asset manager, in an all-cash deal from Deutsche Börse Group-owned Crypto Finance Group, the Singapore-headquartered crypto financial services platform announced today.

This strategic move strengthens Matrixport's position in the institutional crypto market and brings a FINMA-approved crypto fund under its umbrella.

Renamed Matrixport Asset Management (MAM), the Swiss-based unit will offer a comprehensive suite of crypto investment products and structuring capabilities, including the first FINMA-approved crypto fund.

Stefan Schwitter, CFAM's previous head of asset management has been appointed as MAM's CEO.

"The establishment of MAM and the addition of its talented team align perfectly with our strategy to expand our services in Europe. This acquisition provides our clients with access to innovative and compliant crypto asset management products," John Ge, co-founder and CEO of Matrixport, said in a statement.

The acquisition not only expands Matrixport's regulatory footprint in Switzerland but also reinforces its commitment to compliance and market leadership in crypto asset management, the company said.

Christopher Liu, Matrixport's chief compliance officer and head of regulatory, emphasized, "This acquisition demonstrates our dedication to collaborating with regulators and contributing to the development of clear and effective regulations for the virtual assets industry."