Matrixport Strengthens European Presence with New Acquisition

Matrixport, a cryptocurrency financial services provider, is bolstering its European operations by acquiring the Swiss asset manager Crypto Finance.

In an announcement on September 30, the Singapore-based firm revealed that it has finalized an all-cash deal for Crypto Finance Asset Management (CFAM), which was previously under the Deutsche Börse Group’s Crypto Finance Group (CFG).

Following the acquisition, Matrixport has rebranded CFAM as Matrixport Asset Management (MAM), positioning it to offer institutional-level crypto investment solutions from its Swiss base. The transaction has secured all necessary regulatory approvals, including those from the Swiss Financial Market Supervisory Authority (FINMA).

Key leaders from Crypto Finance will transition to the new entity, with Stefan Schwitter, formerly the head of asset management at CFAM, taking on the role of CEO at MAM. He expressed excitement about joining Matrixport, emphasizing the potential for their combined strengths to enhance client offerings globally.

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Founded in 2019, Matrixport has quickly established itself in the cryptocurrency space, managing approximately $6 billion in assets and employing 290 people across over 40 countries. However, it does not provide services to clients in regions such as mainland China, Hong Kong, Singapore, North Korea, Japan, and the United States.

Alexander Stefanov