Matrixport, a leading crypto financial services platform based in Singapore, has successfully acquired the asset management division of Crypto Finance AG.
On September 30, Matrixport announced the completion of the all-cash acquisition of Crypto Finance Asset Management, marking a significant expansion into the European market.
“This acquisition enhances our regulatory presence in Europe,” stated Matrixport’s Chief Compliance Officer and Head of Regulatory, Christopher Liu. He emphasized the firm’s dedication to working alongside regulators to refine and improve virtual asset regulations moving forward.
All transaction-related approvals have been secured from the Swiss Financial Market Supervisory Authority, ensuring compliance with local regulatory standards.
Previously part of the Deutsche Börse Group’s Crypto Finance Group, the newly acquired division will be rebranded as Matrixport Asset Management. Stefan Schwitter, the former head of asset management at CFAM, has been appointed as CEO of the newly formed division.
Schwitter noted, “Our combined strengths will enhance the value provided to Matrixport’s global client base.”
Crypto Finance Asset Management specializes in institutional-grade crypto investment solutions, managing the Crypto Fund AG and offering a variety of crypto investment products alongside structuring capabilities.
In May 2022, Crypto Fund AG was the first crypto entity to receive an asset manager license from FINMA, allowing it to advise institutional investors and cater to a diverse range of traditional investors.
Matrixport operates as a member of Switzerland’s FINMA self-regulatory organization, VFQ, and manages approximately $6 billion in assets. The firm is registered as a Money Services Business in the US and serves as an Appointed Representative in the UK.
