In a significant move within the crypto landscape, Matrixport, a prominent crypto financial services provider, has successfully acquired Crypto Finance (Asset Management) AG (CFAM), a Swiss-based investment solutions firm.
This acquisition, finalized on September 30, was executed as an all-cash deal and will see CFAM rebranded as Matrixport Asset Management AG. The CFAM unit was previously part of the Crypto Finance Group, which is owned by the Deutsche Börse Group.
This strategic acquisition not only enhances Matrixport’s regulatory presence in Switzerland but also underscores the company’s commitment to working closely with regulators to navigate and refine the evolving landscape of virtual asset regulations.
Christopher Liu, Matrixport’s chief compliance officer and head of regulatory affairs, emphasized the importance of this acquisition in expanding their regulatory footprint and fostering collaboration with regulatory bodies.
With the acquisition, Matrixport aims to broaden its offerings in Europe, positioning the newly formed Matrixport Asset Management as a key player in the region.
The entity is set to provide innovative crypto investment solutions, including the first crypto fund that has received regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA).
John Ge, co-founder and CEO of Matrixport, highlighted that this move aligns with their strategy to deliver compliant crypto asset management products to clients, thereby facilitating their expansion into the European market.
To lead the newly established Matrixport Asset Management, Stefan Schwitter, who previously served as the head of asset management at CFAM, has been appointed CEO.
