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Crypto Services Provider Matrixport Acquires Deutsche Boerse’s Subsidiary Crypto Finance

Twitter icon  •  Published 7 hours ago  •  Hassan Maishera

Cryptocurrency services provider Matrixport has completed the acquisition of Deutsche Boerse’s subsidiary Crypto Finance and has renamed it Matrixport Asset Management AG.

TL;DR

  • Matrixport has announced the acquisition of Swiss-based Crypto Finance AG in an all-cash deal.

  • Crypto Finance AG is now known as Matrixport Asset Management AG (MAM) following the acquisition.

Matrixport Completes Acquisition of Crypto Finance AG

Singapore-based crypto financial services platform Matrixport announced earlier today, September 30th, that it has completed the acquisition of licensed Swiss crypto asset manager and former Deutsche Boerse Group subsidiary, Crypto Finance (Asset Management) AG.

In its press release, Matrixport revealed that Crypto Finance AG has now been renamed Matrixport Asset Management AG (MAM). The new firm offers cutting-edge, institutional-grade investment solutions for digital assets, including the first FINMA-approved crypto fund.

While commenting on this acquisition,  John Ge, Co-Founder & CEO of Matrixport, said, 

"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."

Matrixport is one of the leading digital asset management firms, with $6 billion in assets under management. The firm offers global users with diverse crypto-financial solutions designed for optimal capital efficiency and sustainable returns.

Stefan Schwitter, CEO of Matrixport Asset Management, added that,

"We are thrilled to join one of the true crypto trailblazers in the digital assets industry. Our complementary strengths will add value to the existing and future client base of Matrixport Group on a global level."

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.