Matrixport acquires Crypto Finance AG to expand footprint in Europe

As part of its efforts to grow in Europe, leading all-in-one hub for crypto financial services, Matrixport, today announced the successful completion of its all-cash acquisition of Crypto Finance (Asset Management) AG, a licensed Swiss crypto asset manager that was formerly a part of the Crypto Finance Group (CFG), owned by the Deutsche Börse Group.

Renamed Matrixport Asset Management AG, the Switzerland-based firm is a pioneer in the provision of institutional-grade cryptocurrency investment solutions. It offers a full range of crypto investment products and structuring capabilities, and it manages the first cryptocurrency fund approved by FINMA.

The transaction has been finalized and approved by all relevant regulatory bodies, including FINMA, the post added. 

Matrixport expands in Europe 

Co-Founder and CEO of Matrixport John Ge stated: “We are excited with the establishment of Matrixport Asset Management (MAM) and warmly welcome the team as they join the Matrixport family.

Ge added, “The acquisition supports our strategy to further expand services in Europe and gives clients access to the most innovative, legally compliant crypto asset management products.” 

MAM CEO Stefan Schwitter continued, saying, "We are excited to join one of the true crypto pioneers in the digital assets industry. Our complementary strengths will benefit Matrixport Group's clientele, both existing and future, on a global level." 

The integration strengthens Matrixport's position as the industry leader in crypto asset management and reaffirms its dedication to regulatory compliance, Schwitter explained. 

The former head of asset management at CFAM has been named CEO of MAM, the post added. 

Crypto Finance Asset Management becomes the first FINMA-approved crypto manager

As stated in a report by Finews Asia, CFAM managed Switzerland's first regulated crypto fund after being the first manager of collective crypto assets authorized by the Swiss Financial Market Supervisory Authority (FINMA). 

The company will focus on its primary business of providing infrastructure and shop services after being sold to Matrixport. 

Matrixport was established in Singapore in 2019 and currently manages $6 billion in assets. The company states that it employs 290 people and is present in more than 40 countries. Matrixport offers its clients digital asset investment research in addition to asset management services.

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