Singapore-based crypto financial services platform Matrixport has made waves in the financial sector by acquiring licensed Swiss asset manager Crypto Finance (Asset Management) AG in an all-cash deal. Now rebranded as Matrixport Asset Management AG (MAM), the firm offers institutional-grade digital asset investment solutions, including Switzerland's first FINMA-approved crypto fund.
This strategic acquisition enhances Matrixport's presence in Europe, aligning with its commitment to collaborate with regulators to refine virtual asset regulations. Christopher Liu, Matrixport's Chief Compliance Officer, emphasized the firm's dedication to regulatory compliance, while Stefan Schwitter, former head of Crypto Finance AG and now CEO of MAM, highlighted the potential benefits for global clients through combined expertise. With $6 billion in assets under management, Matrixport is poised for significant growth in the evolving landscape of digital finance.
September 2024, Cryptoniteuae