Matrixport has completed the acquisition of Crypto Finance Asset Management (CFAM), a Swiss based crypto asset manager.
Previously part of the Deutsche Börse Group-owned Crypto Finance Group, CFAM will now be renamed to Matrixport Asset Management (MAM). The newly established group will offer crypto investment products and structuring services to clients.
The previous head of asset management for CFAM, Stefan Schwitter, will now serve as CEO of MAM.
Commenting on the acquisition, John Ge, co-founder and CEO of Matrixport, states: “The acquisition enables clients access to the most innovative, compliant crypto asset management products, and aligns with our strategy to further expand services in Europe."
Schwitter adds: "We are thrilled to join one of the true crypto trailblazers in the digital assets industry. Our complementary strengths will add value to the existing and future client base of Matrixport Group on a global level."
After receiving all necessary regulatory approvals, including from FINMA, the transaction has now been completed.
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