Matrixport, a prominent crypto financial services firm based in Singapore, has successfully completed an all-cash acquisition of Crypto Finance, a well-known crypto asset manager in Switzerland. This strategic move aims to significantly expand Matrixport's operations in the European market.
Following the acquisition, Crypto Finance has been rebranded as Matrixport Asset Management AG. This change reflects the company's integration into Matrixport's broader vision of providing innovative financial solutions.
Matrixport emphasizes that this acquisition enhances client access to cutting-edge and compliant crypto asset management products. John Ge, co-founder and CEO of Matrixport, stated, "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." This sentiment was echoed by Christopher Liu, the chief compliance officer, who highlighted their unwavering commitment to compliance.
Matrixport is one of Asia's leading crypto businesses, managing approximately $6 billion in assets. It holds licenses in Hong Kong as a Trust or Company Service Provider (TCSP) and as a money lender, further showcasing its robust regulatory compliance.
With this acquisition, Matrixport positions itself as a formidable player in the European crypto market, enhancing its service offerings and commitment to compliance.
