Cryptocurrency financial services platform Matrixport is increasing its presence in Europe by acquiring Swiss crypto asset manager Crypto Finance. The Singapore-based company has finalized the all-cash acquisition of Crypto Finance Asset Management (CFAM), previously part of the Deutsche Börse Group-owned Crypto Finance Group (CFG). Following the acquisition, CFAM has been rebranded as Matrixport Asset Management (MAM) and will offer institutional-grade crypto investment solutions as a Switzerland-based unit of Matrixport. The transaction has received regulatory approvals, including from the Swiss Financial Market Supervisory Authority (FINMA). Key executives from Crypto Finance have also joined Matrixport's new unit in Switzerland, with Stefan Schwitter appointed as CEO of MAM. Schwitter expressed excitement about joining Matrixport and the digital assets industry. The story is still developing, and more details will be provided as they emerge. Read more AI-generated news on: https://app.chaingpt.org/news