Singapore-based crypto financial services platform Matrixport has announced an all-cash acquisition of Crypto Finance (Asset Management) AG, a licensed Swiss crypto asset manager and former subsidiary of Deutsche Boerse Group. The newly acquired entity will now operate under the name Matrixport Asset Management AG (MAM).
Based in Switzerland, MAM provides institutional-grade investment solutions in digital assets, including the first crypto fund approved by the Swiss Financial Market Supervisory Authority (FINMA). This acquisition aligns with Matrixport’s strategy to enhance its presence in Europe, where it currently manages $6 billion in assets.
Christopher Liu, Matrixport’s Chief Compliance Officer and Head of Regulatory Affairs, emphasized the firm’s commitment to collaborating with regulators to refine regulations specific to virtual assets. He stated that the acquisition reflects Matrixport’s dedication to navigating the evolving regulatory landscape.
Stefan Schwitter, the former head of Crypto Finance Asset Management AG and the newly appointed CEO of MAM, expressed optimism about the merger, stating that clients worldwide will benefit from the combined expertise of both firms.
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