- Matrixport has acquired a Crypto Finance Asset Management firm.
- This all-cash acquisition was made to expand their presence in Europe.
- CFAM has been renamed as Matrixport Asset Management (MAM).
Matrixport has acquired the Crypto Finance Asset Management AG firm to expand its European footprint. This all-cash acquisition resulted in the rebranding of CFAM as Matrixport Asset Management (MAM). Many employees from the Swiss asset manager firm CFAM will work in MAM.
Matrixport’s Chief Compliance Officer Christopher Liu said the acquisition will expand their regulatory footprint in Switzerland. It reflects their fast commitment to continually collaborating with regulators to review existing regulations.
Newly Launched Matrixport Asset Management (MAM)
On September 30, Matrixport acquired Crypto Finance Asset Management (CFAM). This firm was part of the Deutsche Börse Group. After the deal, an asset management unit named Matrixport Asset Management (MAM) was created.
Their team will offer top-notch crypto asset management services from its base in Switzerland.
Also, critical executives from CFAM have moved into new roles within MAM’s operations in Switzerland. It will strengthen continuity and expertise in the new organization.
This acquisition showcases Matrixport’s dedication to maintaining its market leadership in the crypto asset management sector. Also, the former head of asset management at CFAM, Stefan Schwitter, has become the CEO of MAM.
Recently, Stefan shared his excitement by saying that he is ready to add value to the global client base of Matrixport Group.
His expertise in finance will help Matrixport Asset Management offer users the best crypto investment services. Also, this deal has received regulatory endorsement from FINMA.
This adherence supports CFAM’s fluid assimilation into Matrixport’s broader commercial objectives.
Co-founder & CEO of Matrixport, John Ge, has said he welcomes the CFAM team to the Matrixport family. The acquisition will enable clients access to the most innovative crypto asset management products.
A Good Start For Matrixport Asset Management
Matrixport Asset Management has become the first entity to secure FINMA’s endorsement for managing crypto assets.
It has released Switzerland’s premiere regulated digital asset fund. MAM will emphasize providing specialized crypto strategies for its institutional investors.
Also, the Crypto Finance Group will shift its focus to its fundamental business operations, including custody and staking. CFG can improve its workflows and prioritize its critical European services.
Stijn Vander Straeten is the CEO of CFAM. He recently said that the Crypto Finance Group could concentrate on infrastructure support and post-trade services in the digital asset space.
About Matrixport
Matrixport was founded in 2019 in Singapore as an all-in-one hub for crypto financial services. It handles assets exceeding $6 billion in over 40 countries.
This company is licensed in Hong Kong and operates as an Appointed Representative in the UK. CB Insights recognized this crypto financial service firm as one of the “50 Most Promising Blockchain Companies.”
Matrixport seeks to improve its global operations by strictly following the rules and regulations in force. Also, the takeover of CFAM reflects an essential advance in Matrixport’s worldwide development efforts within the European market.
Matrixport has started Matrixport Asset Management to boost its institutional strength in significant markets.
Disclaimer
The information in this article is for informational purposes only. It does not constitute financial or investment advice. Investing in crypto assets carries the risk of financial loss. The data on this page are subject to change without notice.
