FINMA-supervised unit renamed Matrixport Asset Management
AG
SINGAPORE, Sept. 30,
2024 /PRNewswire/ -- Matrixport, a leading
all-in-one crypto financial services hub, today
announced the completion of its all-cash acquisition of
Crypto Finance (Asset Management) AG ("CFAM"), a
licensed Swiss crypto asset manager that was
previously part of the Deutsche Börse Group-owned
Crypto Finance Group (CFG).
Renamed Matrixport Asset Management AG ("MAM"), the Switzerland-based unit is a pioneer in
providing institutional-grade crypto investment
solutions, managing the first FINMA-approved crypto
fund while offering a comprehensive suite of crypto
investment products and structuring capabilities.
John Ge, Co-Founder & CEO of Matrixport,
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."
CFAM's previous head of asset management has been appointed CEO
of MAM.
Stefan Schwitter, CEO of
Matrixport Asset Management, added: "We are thrilled to
join one of the true crypto trailblazers in the
digital assets industry. Our complementary strengths will add value
to the existing and future client base of Matrixport Group on a
global level."
The integration re-affirms Matrixport's commitment towards
regulatory compliance while strengthening its market leadership in
crypto asset management.
Christopher Liu, Matrixport's
Chief Compliance Officer & Head of Regulatory, said: "The
acquisition expands our regulatory footprint in Switzerland and reflects our steadfast
commitment towards continually collaborating with regulators to
review existing regulations and refine virtual assets specific
regulations in the years to come."
The transaction has received all necessary regulatory approvals,
including from FINMA, and has been completed.
About Matrixport
Founded in 2019, Matrixport is the world's leading all-in-one
hub for crypto financial services. With $6 billion in AUM (assets under management),
Matrixport offers global users with diverse crypto
financial solutions designed for optimal capital efficiency and
sustainable returns.
Matrixport is licensed in Hong
Kong (TCSP and Money Lender), 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. It was recognized by CB Insights as one of the "50 Most
Promising Blockchain Companies" and featured in the Hurun "2024
Global Unicorn List."
For more information, visit: https://www.matrixport.com
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SOURCE Matrixport