Singapore, Friday, October 4, 2024 – Singapore-based Matrixport has expanded its European presence by acquiring Crypto Finance Asset Management (CFAM), a Swiss crypto asset manager previously part of Deutsche Börse Group’s Crypto Finance Group. The acquisition, announced on Sept. 30, 2024, has led to CFAM’s rebranding as Matrixport Asset Management (MAM).
This move will allow Matrixport to offer institutional-grade crypto investment solutions and a range of crypto investment products. Stefan Schwitter, who led CFAM’s asset management, has been appointed as MAM’s CEO. Matrixport CEO John Ge welcomed the acquisition, emphasizing its role in enhancing client access to compliant crypto asset management products and supporting Matrixport’s broader strategy to expand in Europe.
The deal has received approval from the Swiss Financial Market Supervisory Authority (FINMA), allowing Matrixport to leverage CFAM’s regulatory status. CFAM, founded in 2018, was the first crypto asset manager to obtain a FINMA license, enabling it to compete with traditional asset managers in Switzerland. Its crypto fund, which tracks the SIX Crypto Market Index 10, invests in the largest crypto assets.
Matrixport has been rapidly expanding its global footprint, securing licenses in Hong Kong and Switzerland. These regulatory approvals underscore Matrixport’s strategic focus on markets where compliance is essential for offering digital asset services.
With this acquisition, Matrixport aims to further develop its offerings in both Asia and Europe, catering to the growing demand for regulated crypto investment solutions.
