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Matrixport Completes Acquisition of Crypto Finance

Sep 30, 2024
  1. Crypto Finance Now a Part of Matrixport
  2. Matrixport: A Key Player in Asia’s Crypto Landscape
  3. The Rise of Crypto Investment and Services in Europe

Matrixport, a crypto financial services company, announced the completion of its acquisition of Crypto Finance, a prominent Swiss crypto asset manager. The company stated that this move is part of its strategy to expand its presence across Europe.

Crypto Finance Now a Part of Matrixport

In a press statement, the Singapore-based firm mentioned that Crypto Finance has been rebranded to become Matrixport Asset Management AG. This marks a significant step in the company’s global growth efforts. Matrixport noted that all necessary regulatory approvals have been secured. Before the acquisition, Crypto Finance was part of the Deutsche Börse Group-owned Crypto Finance Group and was known for managing the first crypto fund approved by Switzerland’s Financial Market Supervisory Authority (FINMA). This regulatory endorsement makes the acquisition especially strategic for Matrixport, which aims to strengthen its offerings in compliant crypto asset management. Matrixport is also set to leverage Crypto Finance’s expertise. Above all, the company will greatly benefit from Crypto Finance’s regulatory standing to better serve the growing European crypto market.

This deal will allow clients to access cutting-edge, compliant crypto asset management products.John Ge, Matrixport’s co-founder and CEO

Matrixport: A Key Player in Asia’s Crypto Landscape

Matrixport has become a significant player in Asia’s crypto financial services sector. The company, prominent for its innovative approach to digital finance, boasts almost $6 billion in assets under management. The company has strategically positioned itself to offer a wide range of crypto-related services, including asset management, lending, and trading. It is licensed as a Trust or Company Service Provider (TCSP) and money lender in Hong Kong. This regulatory backing helps it operate within a compliant framework, potentially setting it ahead of many competitors in the fast-evolving digital asset space. In 2022, the digital asset investment firm revealed its plans to raise $100 million to support the firm’s vision as a global provider of digital assets for institutional and retail clients.

The Rise of Crypto Investment and Services in Europe

In recent years, the European crypto landscape has witnessed a significant surge in investment and the expansion of services. As crypto adoption grows, firms like Stripe, Unbanked, and Coinbase, amongst others, are ramping up their activities in the region. Europe’s status as the biggest crypto economy was underscored in 2021 when it outpaced other regions regarding trading volume and investment activity.

Matrixport’s acquisition of Crypto Finance underscores the company’s commitment to strengthening its position in the European crypto market, offering clients cutting-edge, compliant crypto asset management products.

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