Key Takeaways:
- Matrixport has acquired Swiss firm Crypto Finance Asset Management (CFAM) in an all-cash deal.
- CFAM has been rebranded as Matrixport Asset Management (MAM), focusing on institutional-grade crypto investment solutions.
- The acquisition strengthens Matrixport’s presence in Europe, with key leadership transitions, including Stefan Schwitter as CEO.
Matrixport, a Singapore-based cryptocurrency financial services platform, has completed the acquisition of Swiss firm Crypto Finance Asset Management (CFAM).
Announced on September 30, the all-cash deal reflects Matrixport’s expanding ambitions in Europe.
We’re thrilled to announce that we officially completed the acquisition of Crypto Finance (Asset Management) AG (CFAM) @CryptoFinanceAG, now rebranded as Matrixport Asset Management AG (MAM), providing compliant crypto asset management services in Europe! #Matrixport #Compliance pic.twitter.com/zWr6NuGR60
— Matrixport Official English (the only official X) (@Matrixport_EN) September 30, 2024
CFAM, previously part of the Crypto Finance Group (CFG) under Deutsche Börse Group, has been rebranded as Matrixport Asset Management (MAM).
The new Swiss-based unit will focus on providing institutional-grade crypto investment solutions, with all necessary regulatory approvals secured, including from Switzerland’s FINMA.
Key leadership transitions include Stefan Schwitter, former head of asset management at CFAM, taking over as CEO of MAM.
MATRIXPORT EXPANDS EUROPEAN FOOTPRINT WITH ACQUISITION OF CRYPTO FINANCE AG
— BSCN (@BSCNews) September 30, 2024
– @realMatrixport, an all-in-one crypto financial services platform, has announced the completion of its all-cash acquisition of Crypto Finance AG, per CoinDesk.
– Crypto Finance AG is a licensed… https://t.co/VZKoBCZHs8 pic.twitter.com/F6xuiLYZVK
Schwitter expressed excitement about joining Matrixport, calling the company a crypto industry trailblazer.
This acquisition is expected to enhance Matrixport’s offerings to its global client base, reinforcing its position in the growing European market for digital assets.
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