Matrixport, a Singapore-based cryptocurrency financial services platform, has acquired Crypto Finance Asset Management (CFAM), a Swiss crypto asset manager.
Previously part of the Deutsche Börse-owned Crypto Finance Group, CFAM has been renamed Matrixport Asset Management (MAM).
The acquisition, which received regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA), strengthens Matrixport’s position in the European market.
The newly acquired entity will continue to offer institutional-grade crypto investment solutions, including the first FINMA-approved crypto fund and a range of investment products.
Stefan Schwitter, former Head of Asset Management at CFAM, will lead MAM as CEO.
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.”
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.”
Featured image credit: Edited from Freepik
