Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Popular stocks

Crypto

CFD

Currencies

Support

Gold

Home » Crypto Market News » Matrixport Expands European Footprint with Crypto Finance Acquisition

Matrixport Expands European Footprint with Crypto Finance Acquisition

  • September 30, 2024
  • 57

Matrixport, a financial services platform specializing in cryptocurrency, is enhancing its operations in Europe through the acquisition of Crypto Finance, a Swiss asset manager focused on crypto investments. The announcement, made on September 30, revealed that the Singapore-based company has successfully completed an all-cash deal for Crypto Finance Asset Management (CFAM).

The acquisition marks a strategic expansion for Matrixport, as CFAM was previously part of a larger group affiliated with Deutsche Börse. Following the acquisition, CFAM will be rebranded as Matrixport Asset Management (MAM). This new entity is set to concentrate on offering institutional-grade crypto investment solutions, solidifying Matrixport’s presence in Switzerland.

Matrixport has confirmed that the acquisition process has secured all necessary regulatory approvals, including clearance from the Swiss Financial Market Supervisory Authority (FINMA). This compliance ensures that MAM can operate within the established legal framework of Switzerland, a country known for its robust financial regulations.

As part of this transition, several key leaders from Crypto Finance have joined the newly formed Matrixport Asset Management. Notably, Stefan Schwitter, formerly the head of asset management at CFAM, has been appointed as the CEO of MAM. His leadership is anticipated to play a critical role in driving the company forward and enhancing its service offerings to clients.

The integration of Crypto Finance into the Matrixport umbrella is seen as a strategic move aimed at leveraging the strengths of both organizations. With the expanding influence of digital assets globally, Matrixport is positioning itself to capture a larger share of the institutional investment market in Europe. Further updates regarding this venture are expected as developments arise.

This site is registered on wpml.org as a development site.