Matrixport, a Singapore-based crypto financial services firm, has officially expanded its operations in Europe with the acquisition of Swiss Crypto Finance, a leading crypto asset manager.
Matrixport Expands in Europe with Acquisition of Swiss Crypto Asset Manager
The all-cash deal marks a significant step in Matrixport’s global expansion strategy, particularly in the European market.
The acquisition, announced by Matrixport on Monday, involves the rebranding of Crypto Finance as Matrixport Asset Management AG.
Crypto Finance, formerly part of Deutsche Börse Group, manages the first cryptocurrency fund approved by the Swiss Financial Market Supervisory Authority (FINMA).
John Ge, co-founder and CEO of Matrixport, highlighted the strategic benefits of the acquisition in a statement: “This acquisition provides clients with access to the most innovative, compliant crypto asset management products and aligns with our strategy to further expand services in Europe.”
Christopher Liu, Matrixport’s chief compliance officer and head of regulatory affairs, stressed the company’s commitment to compliance, noting that the deal has received all necessary regulatory approvals.
Matrixport, one of Asia’s leading crypto firms, manages around $6 billion in assets and is licensed as a TCSP (Trust or Company Service Provider) and money lender in Hong Kong.
The firm sees this acquisition as an important move to offer more compliant and sophisticated crypto asset management services in European markets.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/singaporean-crypto-company-matrixport-acquires-swiss-crypto-asset-management-company-here-are-the-details/