Highlights
- Matrixport has acquired CFAM, rebranding it as Matrixport Asset Management (MAM).
- The acquisition received all necessary regulatory approvals, including from the Swiss Financial Market Supervisory Authority (FINMA).
- CFAM is known for managing Switzerland’s first regulated crypto fund.
- The deal reinforces Matrixport’s commitment to regulatory compliance and leadership in crypto asset management.
Matrixport, a prominent crypto financial services hub, has announced its expansion into Switzerland with the acquisition of Crypto Finance Asset Management (CFAM), a Swiss-based crypto asset management firm.
The acquisition, completed on September 30, marks a significant step in Matrixport’s strategy to strengthen its presence in Europe and expand its range of services to institutional investors.
Matrixport’s Strategic Move into Switzerland
Matrixport completed the acquisition of Crypto Finance Asset Management (CFAM) in an all-cash deal on September 30, further solidifying its expansion into the European market.
CFAM, which was previously part of Deutsche Börse’s Crypto Finance Group (CFG), has now been rebranded as Matrixport Asset Management (MAM). The Switzerland-based unit focuses on offering institutional-grade crypto investment solutions, providing clients with access to innovative and compliant financial products.
John Ge, the Co-Founder and CEO of Matrixport, expressed his excitement about the expansion, stating, "We are delighted with the establishment of MAM and warmly welcome the team to the Matrixport family. This acquisition aligns with our strategy to further expand our services in Europe."
The deal highlights Matrixport’s ambition to grow its international presence while offering cutting-edge financial solutions to clients across multiple jurisdictions.
CFAM’s Role and Leadership
The acquisition of CFAM brings with it a highly experienced team. Notably, Stefan Schwitter, the former head of CFAM, has been appointed as the CEO of Matrixport Asset Management (MAM).
Schwitter commented, "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."
CFAM is renowned for being the first FINMA-approved crypto asset manager in Switzerland, managing the country’s first regulated crypto fund.
The acquisition offers Matrixport an edge in delivering regulated and compliant financial services to institutional investors looking for reliable crypto asset management solutions.
Regulatory Approval and Expansion Plans
The transaction received all necessary regulatory approvals, including from the Swiss Financial Market Supervisory Authority (FINMA).
Christopher Liu, Matrixport’s Chief Compliance Officer, emphasized the importance of regulatory compliance, stating, "The acquisition expands our regulatory footprint in Switzerland and reflects our steadfast commitment towards continually collaborating with regulators."
With a strong presence in Switzerland, Matrixport plans to focus on expanding its core services, including trading, custody, staking, and other post-trade services.
The company, founded in 2019, already operates in more than 40 countries, with 290 employees managing over $6 billion in assets.
Final Notes
Matrixport’s acquisition of CFAM marks a significant milestone in its global expansion strategy, reinforcing its position as a leader in crypto asset management.
By establishing a stronger foothold in Switzerland, Matrixport is poised to deliver a broader range of institutional-grade financial products while maintaining its commitment to regulatory compliance and innovation in the crypto finance space.
This move aligns with the company’s long-term goal of becoming a global powerhouse in the crypto finance industry, as it continues to explore opportunities for growth and expansion across Europe and beyond.