In a bold move toward European market dominance, Singapore-based Matrixport, a leading cryptocurrency financial services provider, has completed its acquisition of Swiss crypto asset manager Crypto Finance Asset Management AG (CFAM). The acquisition, finalized on September 30, 2024, marks a significant milestone for Matrixport as it strengthens its regulatory foothold in the rapidly evolving crypto landscape across Europe.
Matrixport’s purchase of CFAM, which has now been rebranded as Matrixport Asset Management AG (MAM), enables the company to offer innovative and compliant crypto asset management products. This move reinforces Matrixport’s ambition to cater to the institutional market and offer diversified crypto investments, tapping into the rising demand for regulated, secure, and transparent financial services in Europe.
Crypto Finance Group Rebrands to Matrixport Asset Management AG
CFAM, originally part of the Deutsche Börse Group-owned Crypto Finance Group (CFG), was one of the first asset managers to obtain a FINMA license for crypto asset management in 2018. This prestigious license allows MAM to operate in direct competition with traditional asset managers, opening the door to institutional investors and high-net-worth individuals.
With flagship products like a crypto fund that tracks the SIX Crypto Market Index 10, MAM offers a robust investment product portfolio. The fund focuses on the top 10 largest cryptocurrencies, such as Bitcoin and Ethereum, giving investors access to diversified digital asset exposure in a compliant and secure manner.
Thе аcquisition еxpаnds our rеgulаtory footprint in Switzеrlаnd аnd rеflеcts our stеаdfаst commitmеnt towаrds continuаlly collаborаting with rеgulаtors.
Christophеr Liu, Head of Compliance and Regulatory Matters, Matrixport
The Importance of Regulatory Compliance in the Crypto Space
Matrixport’s move into Europe is not just about expanding its market share; it underscores a growing focus on regulatory compliance. By acquiring MAM, Matrixport demonstrates its commitment to adhering to stringent regulatory standards in key markets like Switzerland, a country renowned for its strong regulatory frameworks in the finance sector.
“We are thrilled to expand our regulatory footprint in Switzerland,” said Christopher Liu, Matrixport’s head of compliance and regulatory affairs. “This acquisition reflects our dedication to collaborating closely with regulators to shape the future of virtual assets.”
The transaction received FINMA’s approval, a critical milestone that reaffirms Matrixport’s determination to operate within a compliant framework, giving investors confidence in the security and reliability of their offerings. As regulatory environments for crypto assets continue to evolve, Matrixport positions itself as a proactive player in shaping these regulations through strategic acquisitions and partnerships.
Global Expansion and Future Regulatory Influence
While Europe is a primary focus, Matrixport’s ambitions stretch beyond the continent. The company is actively expanding its global presence with strategic hires in Asia and Europe. Recent licenses in Hong Kong and Switzerland further strengthen its international standing, ensuring the company operates within highly regulated markets.
This acquisition is not just a step toward geographical expansion but also an opportunity for Matrixport to play a key role in influencing global crypto regulation. As more countries adopt crypto-friendly regulations, Matrixport’s commitment to compliance places it in an ideal position to navigate future changes and help shape the direction of the entire industry.
Matrixport’s latest acquisition marks a new chapter in its quest for global dominance, and its eyes are firmly set on both market expansion and regulatory influence. The future of crypto is still being written, but Matrixport is already positioning itself as a key author of that narrative
