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Matrixport, a Singapore-based crypto financial services platform, has completed the acquisition of Crypto Finance (Asset Management) AG in an all-cash deal. The Swiss-based firm, previously a unit of Deutsche Boerse, has been rebranded as Matrixport Asset Management AG. This acquisition aims to expand Matrixport's presence in the European market, providing compliant crypto asset management services across the region. Jihan Wu, founder of Matrixport, emphasized the strategic importance of this acquisition in strengthening their European footprint. Crypto Finance AG is a licensed entity, according to CoinDesk.
Matrixport expands into Europe with acquisition of Swiss asset manager in all-cash deal. #Expansion #Cryptocurrency
.@Matrixport_EN has acquired @CryptoFinanceAG in an all-cash deal, renaming the firm as Matrixport Asset Management AG, reports @godbole17. https://t.co/EDIIBogStn
MATRIXPORT SNAGS CRYPTO FINANCE’S ASSET MANAGEMENT UNIT Matrixport, the crypto powerhouse from Singapore, just made waves by acquiring Crypto Finance’s asset management squad, now called Matrixport Asset Management AG (MAM). This Swiss player, once under Deutsche Boerse,… https://t.co/ndU6HgNLpm