Singapore-based cryptocurrency financial services platform Matrixport has acquired Swiss crypto asset management company Crypto Finance Asset Management (CFAM).
Formerly part of the Crypto Finance Group owned by Deutsche Börse, 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 organization will continue to offer institutional-grade crypto investment solutions, including the first FINMA-approved crypto fund and a wide range of investment products.
Stefan Schwitter, former head of asset management at CFAM, will lead MAM as CEO.
John Gee, Co-Founder and CEO matrix portsaid,
“We are delighted with the establishment of MAM and warmly welcome the team to the Matrixport family.
This acquisition provides our clients with access to the most innovative and compliant crypto asset management products and is consistent with our strategy to further expand our services in Europe. ”
Stefan Schwitter, CEO of Matrixport Asset Management, added:
“We are excited to join a true cryptocurrency pioneer in the digital asset industry.
Our complementary strengths will add value to Matrixport Group’s existing and future customer base on a global level. ”
Featured image credit: Edited from freepic
