Matrixport has acquired Swiss-based Crypto Finance AG in all-cash deal.
The firm has been renamed Matrixport Asset Management AG (MAM).
Singapore-based crypto financial services platform Matrixport has announced an all-cash acquisition of licensed Swiss crypto asset manager and former Deutsche Boerse Group subsidiary, Crypto Finance (Asset Management) AG.
The Switzerland-based entity, now renamed Matrixport Asset Management AG (MAM), offers cutting-edge, institutional-grade digital assets investment solutions, including the first FINMA-approved crypto fund.
FINMA is the Swiss Financial Market Supervisory Authority, an independent regulator of the European nation's financial markets. Matrixport has $6 billion in assets under management.
The regulatory-compliant acquisition expands Matrixport's footprints in Europe, reflecting the firm's "steadfast commitment towards continually collaborating with regulators to review existing regulations and refine virtual assets specific regulations in the years to come," Matrixport's Chief Compliance Officer & Head of Regulatory, Christopher Liu, said in the press release.
Stefan Schwitter, the former head of Crypto Finance AG and now the CEO of MAM, said global clients stand to benefit from both firms' expertise.
