Matrixport Advances European Expansion with Crypto Finance Acquisition

• Matrixport has announced a new acquisition.
• The company said the move complemented its expansion strategy to Europe.
• The newly-acquired company changed its name as part of the deal.

Matrixport has announced the completion of its all-cash acquisition of Crypto Finance (Asset Management) AG, a regulated Swiss crypto asset manager with previous ties with the Deutsche Börse Group-owned Crypto Finance Group.

Founded in 2019, Matrixport is a Singapore-based crypto financial services company with about $6 billion in assets under its management (AUM). Per its website, the company has facilitated $5 billion in crypto trading volume and over $700 million in loans since its launch.

Matrixport Expands Footprint in Europe

In a press release dated September 30, Matrixport said its acquisition of Crypto Finance was part of a broader strategy to bolster its presence in Europe, a region Chainalysis recently ranked as the second-largest digital asset economy with an estimated $1 trillion in on-chain value.

Crypto Finance has rebranded to Matrixport Asset Management AG (MAM) as part of the acquisition deal and will be keen to offer licensed institutional-grade crypto investment solutions. This includes managing the first FINMA-approved crypto fund and facilitating a full suite of crypto investment products and structuring capabilities.

According to the statement, Crypto Finance’s former head of asset management will serve as CEO of Matrixport’s new venture.

Matrixport co-founder and CEO John Ge lauded the acquisition, reaffirming the company’s commitment to regulatory compliance while strengthening its presence in the crypto asset management landscape.

“We are delighted with the establishment of MAM and warmly welcome the team to the Matrixport family. 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,” Ge stated.

While Matrixport didn’t disclose how much it spent on the acquisition, it confirmed that the deal had received all necessary regulatory approvals, including from the Swiss Financial Market Supervisory Authority (FINMA).

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