Singapore-based Matrixport, Asia’s fastest-growing digital assets financial services platform (the “Platform”) is making waves toward the next Phase of its global expansion into Europe with the strategic acquisition of Switzerland-based Crypto Finance AG’s asset management arm. The acquisition, first publicly disclosed on Aug. 27 and finalized on Sept. 30, is an all-cash purchase that will see the asset management arm of Crypto Finance renamed Matrixport Asset Management AG (MAM). Adding to this, the acquisition increases its presence in the regulated European market and expands its international service offering relating to crypto investments.
Strengthening Market Leadership
Found in 2019, Matrixport has quickly emerged as one of the most innovative Crypto platforms, with $6 billion in assets under management (AUM) in just two years of history. With the acquisition of Crypto Finance AG, Matrixport made a significant step in growing its regulatory footprint — this is particularly important for Switzerland, with heavy oversight and regulation by the Swiss Financial Market Supervisory Authority (FINMA). This acquisition is also the regulatory approval signatory of it offering its compliant crypto investment services in Europe, and Euro investors can have access to commercial-grade products catering for existing as well as new clients.
CFAM, a part of the Deutsche Börse-owned Crypto Finance Group, was awarded for running the initial FINMA-approved crypto fund. Following the rebranding to Matrixport Asset Management, the company will keep providing crypto investment offerings but using its knowledge to develop new products in a rapidly changing digital assets industry.
Building a Comprehensive Crypto Service Offering
As one of the largest Asia-based digital asset financial services providers, Matrixport’s acquisition of CFAM now poises the firm to be a mainstay in the European digital asset environment. Thus, John Ge, co-founder and CEO of Matrixport, said the partnership will allow their clients to tap into some of the world’s most sophisticated crypto asset management products. Integration of CFAM capabilities will allow it to expand its current product offering and amplify the breadth of global services through new investment structures as well as access to crypto funds.
By opening up in more jurisdictions across Europe, Matrixport continues its commitment to building a new kind of financial services platform while working closely with regulators to develop the regulatory framework for virtual assets further. Commenting on the deal, Matrixport Chief Compliance Officer Christopher Liu said: “This acquisition is a fresh testament to our continued commitment to working closely with regulators for an assessment of current regulations with concrete roll-out plans for virtual asset-specific guidance that will play out in the coming years.
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Implications for Crypto Investors
The purchase offers both institutional and retail investors the chance to capitalize on potential growth in Matrixport’s crypto investment offering. It will further expand on CFAM’s accomplished track record of institutional-grade crypto investment solutions under the leadership of Stefan Schwitter, MD and CEO of Matrixport Asset Management AG and erstwhile head of CFAM. Schwitter underscored the combined competitive advantages of both firms and why he believes it is a win-win for their clients globally.
With this launch-check, Matrixport now also manages a wider spectrum of investment products; these include the very first FINMA-approved crypto fund and other institutional-grade offers, helping it even be a strong participant in subsequently to digital assets globally. Its Asset Management — Secure & compliant investment solutions for regulated crypto investors.
Conclusion
The acquisition of Crypto Finance AG´s asset management unit by Matrixport is groundbreaking in the area of crypto financial services The FINMA-regulated services have been integrated into its global operations as forges ahead into Europe while reinforcing its leadership in compliant crypto investment solutions. With $6b AUM under management and an expanding suite of regulated investment products, Matrixport is poised for considerable growth within the European and global crypto markets, providing sophisticated but accessible cryptocurrency asset management services to investors seeking regulatory compliance and creative exposure.
The purchase signals the broader pivot of Matrixport, which is strategically aiming at creating a one-stop-shop for all things crypto investment in various forms worldwide.
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