Matrixport has expanded its operations into Switzerland with the acquisition of a crypto asset manager.

Matrixport Expands to Switzerland with Acquisition of Crypto Finance Asset Management

Singapore-based Matrixport has announced its expansion into Switzerland through the acquisition of Crypto Finance Asset Management (CFAM), previously a part of the Deutsche Börse Group’s Crypto Finance Group (CFG). Following the acquisition, CFAM has been rebranded as Matrixport Asset Management (MAM), and will now offer institutional-grade crypto investment solutions and a variety of structured crypto products.

Stefan Schwitter, formerly head of asset management at CFAM, has been appointed CEO of the newly formed MAM. John Ge, CEO of Matrixport, expressed enthusiasm for the expansion, stating, "The acquisition allows our clients access to the most innovative and compliant crypto asset management products and aligns with our strategy to further grow our services in Europe."

The acquisition has received the necessary regulatory approvals, including from the Swiss Financial Market Supervisory Authority (FINMA).

Matrixport Strengthens Global Presence in Asia and Europe

CFAM first gained attention in 2018 as the first firm to receive a FINMA license for managing crypto assets, enabling it to compete with traditional asset managers in Switzerland. Its flagship crypto fund tracked the SIX Crypto Market Index 10, which focused on the top 10 cryptocurrencies by market capitalization. With this acquisition, MAM is expected to broaden its offerings within Matrixport’s ecosystem.

Matrixport has been actively expanding its global team and strengthening its presence in Asia and Europe, securing licenses in Hong Kong and Switzerland. These licenses are critical for regulatory compliance and market access, reflecting Matrixport’s strategy to enter markets where regulatory approval is key for offering digital asset services.