Matrixport, a Singapore-based financial services platform, has recently announced it has acquired Swiss-licensed crypto asset manager Crypto Finance (Asset Management) AG in an all-cash transaction.
The entity was previously a subsidiary of Deutsche Boerse Group.
Now rebranded as Matrixport Asset Management AG (MAM), the Switzerland-based company offers advanced investment solutions for digital assets, including the first crypto fund approved by FINMA, the Swiss Financial Markets Supervisory Authority.
Matrixport currently manages assets worth $6 billion.
This regulatory-compliant acquisition marks Matrixport's expansion into Europe and shows its commitment to working with regulators to improve the regulation of virtual assets in the future.