Matrixport Acquires Crypto Finance AG in All-Cash Deal for Expansion

Key points:

• Matrixport has acquired Swiss-based Crypto Finance AG in all-cash deal.
• The firm has been renamed Matrixport Asset Management AG (MAM).

Matrixport acquires Crypto Finance AG in an all-cash deal, renaming it Matrixport Asset Management AG, expanding its European footprint with $6 billion AUM.

Matrixport Acquires Crypto Finance AG to Expand in Europe

It has completed an all-cash acquisition of the Swiss-based Crypto Finance AG, which was renamed Matrixport Asset Management AG and enhanced its presence in Europe.

The transaction adds another $6 billion in AUM to the books of Matrixport, while adding FINMA-approved crypto fund solutions, among others, according to Coindesk.

Read more: The Stablecoin Industry May Become A Trillion-Dollar Industry By 2030, Matrixport Report

Matrixport Strengthens Global Presence With Crypto Finance AG Acquisition

The deal further expands the offerings of Matrixport globally, as the takeover of Crypto Finance AG operates under the new name of Matrixport Asset Management AG. It remains in close collaboration with European regulators.

The Chief Compliance Officer at Matrixport said, “The company is committed to refining virtual asset regulations.” Meanwhile, its global clients stand to benefit from the combined expertise coming from both firms.