FINMA Supervisory Unit Name Changed to Matrixport Asset Management AG
singapore, September 30, 2024 /PRNewswire/ — matrix portthe leading all-in-one cryptocurrency financial services hub, today announced that it has completed the all-cash acquisition of Crypto Finance (Asset Management) AG (“CFAM”), a licensed Swiss cryptocurrency asset manager previously part of Deutsche. Cryptocurrency Finance Group (CFG) owned by the Börse Group.
Name changed to Matrixport Asset Management AG (“MAM”) SwissThe foundation unit is a pioneer in providing institutional-grade crypto investment solutions and managing the first FINMA-approved crypto fund, while also providing comprehensive crypto investment products and structuring capabilities.
John Ge, Co-Founder and CEO of Matrixport, said: “We are excited about the establishment of MAM and warmly welcome the team to the Matrixport family. This acquisition provides our clients with access to the most innovative and compliant cryptocurrency asset management products and is consistent with our strategy to further expand our services. europe.”
CFAM’s former head of asset management was appointed as MAM’s CEO.
Stefan SchwitterThe CEO of Matrixport Asset Management added: “We are thrilled to be joining one of the true cryptocurrency pioneers in the digital asset industry. Our complementary strengths will add value to Matrixport Group’s existing and future customer base at a global level.”
This integration reaffirms Matrixport’s commitment to regulatory compliance while strengthening its market leadership in crypto asset management.
Christopher LiuMatrixport’s Chief Compliance Officer and Head of Regulatory Affairs said: “This acquisition expands our regulatory reach. Swiss “This reflects our firm commitment to continue to work with regulators to review existing regulations and improve future regulations around virtual assets.”
The transaction has received all necessary regulatory approvals, including FINMA, and has been completed.
Introduction to Matrix Port
Founded in 2019, Matrixport is the world’s leading all-in-one hub for cryptocurrency financial services. with 6 billion dollars In assets under management (AUM), Matrixport offers users around the world a variety of cryptocurrency financing solutions designed for optimal capital efficiency and sustainable returns.
Matrixport’s licenses are as follows: Hong Kong (TCSP and Lender) is acting as an Appointed Agent in the United Kingdom and is registered as an MSB in the United States. swiss FINMA SRO-VFQ. Recognized as one of the “50 Most Promising Blockchain Companies” by CB Insights and included in Hurun’s “2024 Global Unicorn List.”
For more information, please visit: https://www.matrixport.com
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