Matrixport Acquires Swiss Firm Crypto Finance AG to Expand in Europe

Highlights:

• Matrixport acquired Swiss firm Crypto Finance and renamed it Matrixport Asset Management.
• MAM continues offering institutional-grade crypto investment solutions and products. 
• Matrixport strengthens its regulatory presence and compliance in Switzerland.

Singapore-based crypto financial services platform Matrixport has announced on the X that it has successfully completed the all-cash acquisition of a licensed Swiss crypto asset management company, Crypto Finance (Asset Management) AG (“CFAM”). Previously, CFAM was part of the Deutsche Börse Group-owned Crypto Finance Group (CFG). 

Following the acquisition, the unit has been renamed Matrixport Asset Management (MAM). It will continue offering institutional-grade crypto investment solutions alongside various crypto products and structuring services. Additionally, the board appointed Stefan Schwitter, who previously led CFAM’s asset management, as CEO of MAM.

We’re thrilled to announce that we officially completed the acquisition of Crypto Finance (Asset Management) AG (CFAM) @CryptoFinanceAG, now rebranded as Matrixport Asset Management AG (MAM), providing compliant crypto asset management services in Europe! #Matrixport #Compliance pic.twitter.com/zWr6NuGR60

— Matrixport Official English (the only official X) (@Matrixport_EN) September 30, 2024

Matrixport Expands Global Reach Through Acquisition of Crypto Finance AG

Matrixport CEO John Ge expressed excitement about the new firm’s launch and warmly welcomed the team to the Matrixport family.

He said:

“We are delighted with the establishment of MAM and warmly welcome the team to the Matrixport family. The acquisition enables clients access to the most innovative, compliant crypto asset management products, and aligns with our strategy to further expand services in Europe.”

Moreover, Stefan Schwitter, CEO of Matrixport Asset Management, mentioned that joining a leading player in the digital assets industry is thrilling. He noted that their complementary strengths would enhance value for Matrixport Group’s global and future clients.

The integration underscores Matrixport’s dedication to regulatory compliance and enhances its leadership in crypto asset management. Christopher Liu, Matrixport’s Chief Compliance Officer and Head of Regulatory, expressed that Matrixport’s acquisition of the Swiss firm broadened its regulatory presence in the region. Further, he emphasized the company’s ongoing commitment to working with regulators to review current regulations and improve those specific to virtual assets in the future.

Additionally, the transaction successfully obtained and finalized all required regulatory approvals, including from the Swiss Financial Market Supervisory Authority (FINMA).

CFAM and Matrixport Lead in Crypto Asset Management and Financial Services

CFAM gained attention in 2018 as the first firm to get a FINMA license for crypto asset management. This license allowed CFAM to compete with traditional asset managers in Switzerland and offer investment products tracking cryptocurrencies like Bitcoin. Its crypto fund, which tracks the SIX Crypto Market Index 10, invests in the top 10 largest crypto assets. Now, MAM can expand its options within Matrixport’s broader ecosystem.

Founded in 2019, Matrixport is a premier all-in-one hub for crypto financial services. With $6 billion in assets under management (AUM), it provides global users with a variety of crypto financial solutions designed for optimal capital efficiency and sustainable returns.

Matrixport holds various licenses, including TCSP and Money Lender, in Hong Kong. Moreover, it operates as an Appointed Representative in the UK, is registered as an MSB in the US, and is a member of Switzerland’s FINMA SRO-VFQ. CB Insights has recognized the company as one of the “50 Most Promising Blockchain Companies.” Additionally, it has been included in the Hurun “2024 Global Unicorn List.”