Matrixport Expands into Europe with Acquisition of Crypto Finance’s Asset Management Unit

Matrixport, a prominent Singapore-based crypto financial service firm, has made a significant move by acquiring Swiss crypto asset manager Crypto Finance in an all-cash deal. This acquisition marks Matrixport’s expansion into Europe and solidifies its presence in the global crypto market.

The acquisition includes the asset management unit of Crypto Finance, which has been rebranded as Matrixport Asset Management AG (MAM). This strategic move allows Matrixport to operate in Switzerland by transferring CFAM’s Swiss license and obtaining regulatory approvals from the Swiss Financial Market Authority (FINMA).

Matrixport’s CEO, John Ge, expressed his excitement over the acquisition, highlighting the company’s commitment to providing innovative and compliant crypto asset management products to clients. The newly rebranded MAM will offer institutional-grade crypto investment solutions, including the management of the first FINMA-approved crypto fund.

Stefan Schwitter, the former head of asset management at CFAM, has been appointed as the CEO of MAM. Schwitter emphasized the complementary capacity of the firm through the acquisition, which is expected to boost Matrixport’s customer base globally.

Established in 2019, Matrixport has quickly grown to become a leading global crypto finance services company with $6 billion in assets under management. The firm is dedicated to expanding its presence in global markets while adhering to regulatory compliance in digital asset services.

With a physical headquarters in Singapore, Matrixport has also obtained licenses in Hong Kong and operates as an appointed representative and MSB in the UK and the US. The company’s membership in FINMA SRO-VFQ in Switzerland further solidifies its position in the global crypto market.

As Matrixport continues to expand its services and presence in European countries and beyond, the acquisition of Crypto Finance’s asset management unit marks a significant milestone in the company’s growth trajectory.