{"id":172338,"date":"2024-09-30T11:08:24","date_gmt":"2024-09-30T11:08:24","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172338"},"modified":"2024-09-30T11:08:29","modified_gmt":"2024-09-30T11:08:29","slug":"matrixport-completes-major-acquisition-as-it-eyes-european-market-dominance","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/matrixport-completes-major-acquisition-as-it-eyes-european-market-dominance\/","title":{"rendered":"Matrixport Completes Major Acquisition as It Eyes European Market Dominance"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Matrixport Acquires CFAM<\/span><\/strong><span data-preserver-spaces=\"true\">: Matrixport has acquired Crypto Finance (Asset Management) AG (CFAM) and rebranded it to Matrixport Asset Management AG (MAM), managing $6 billion in assets.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Regulatory Approval<\/span><\/strong><span data-preserver-spaces=\"true\">: The acquisition has been approved by the Swiss Financial Market Supervisory Authority (FINMA), enhancing <\/span><span data-preserver-spaces=\"true\">Matrixport\u2019s<\/span><span data-preserver-spaces=\"true\"> regulatory footprint in Europe.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Leadership and Expansion<\/span><\/strong><span data-preserver-spaces=\"true\">: Stefan Schwitter is appointed CEO of MAM, aiming to drive growth and innovation in the European market, <\/span><span data-preserver-spaces=\"true\">with a focus<\/span><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\"> on compliant crypto asset management products.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Matrixport, <\/span><\/strong><span data-preserver-spaces=\"true\">a leading <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-are-cryptocurrencies-and-which-are-the-best-to-invest-in\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">crypto <\/span><\/a><span data-preserver-spaces=\"true\">financial services provider, <\/span><strong><span data-preserver-spaces=\"true\">has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/blog.matrixport.com\/announcements\/swiss-based-crypto-asset-management\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">announced <\/span><\/a><span data-preserver-spaces=\"true\">the acquisition of Crypto Finance<\/span><\/strong><span data-preserver-spaces=\"true\"> (Asset Management) AG (CFAM), <\/span><strong><span data-preserver-spaces=\"true\">a Switzerland-based crypto investment solutions provider.<\/span><\/strong><span data-preserver-spaces=\"true\"> The all-cash deal, completed on September 30, 2024, marks a significant milestone for Matrixport as it rebrands CFAM to Matrixport Asset Management AG (MAM).<\/span><!--more--><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">$6 Billion in Assets Under Management<\/span><\/h2>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">With this acquisition, <\/span><strong><span data-preserver-spaces=\"true\">Matrixport now manages $6 billion in assets.<\/span><\/strong><span data-preserver-spaces=\"true\"> The move is part of <\/span><span data-preserver-spaces=\"true\">Matrixport\u2019s<\/span><span data-preserver-spaces=\"true\"> strategy to expand its European footprint, leveraging <\/span><span data-preserver-spaces=\"true\">CFAM\u2019s<\/span><span data-preserver-spaces=\"true\"> established presence and regulatory approvals in Switzerland. <\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The acquisition has received the green light from the Swiss Financial Market Supervisory Authority<\/span><\/strong><span data-preserver-spaces=\"true\"> (FINMA) and other relevant regulatory bodies. <\/span><span data-preserver-spaces=\"true\">Matrixport\u2019s<\/span><span data-preserver-spaces=\"true\"> co-founder and CEO, John Ge, emphasized the strategic importance of this acquisition. <\/span><\/p>\n<blockquote>\n<p style=\"text-align: center\"><span data-preserver-spaces=\"true\">\u201cT<\/span><span data-preserver-spaces=\"true\">he acquisition enables clients access to the most innovative, compliant crypto asset management <\/span><span data-preserver-spaces=\"true\">products,<\/span><span data-preserver-spaces=\"true\"> and aligns with our strategy to further expand European services,<\/span><span data-preserver-spaces=\"true\">\u201d <\/span><span data-preserver-spaces=\"true\">Ge stated. <\/span><\/p>\n<\/blockquote>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The new entity will offer various crypto investment solutions, including the first crypto fund to receive regulatory approval from FINMA.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-172340\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/MatrixportCEO.jpg\" alt=\"Matrixport Completes Major Acquisition as It Eyes European Market Dominance\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/MatrixportCEO.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/MatrixportCEO-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/09\/MatrixportCEO-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Leadership and Future Plans<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Stefan Schwitter, <\/span><\/strong><span data-preserver-spaces=\"true\">previously the head of asset management at CFAM, <\/span><strong><span data-preserver-spaces=\"true\">has been appointed as the CEO of Matrixport Asset Management.<\/span><\/strong><span data-preserver-spaces=\"true\"> This leadership change is expected to drive the <\/span><span data-preserver-spaces=\"true\">company\u2019s<\/span><span data-preserver-spaces=\"true\"> growth and innovation in the European market. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Matrixport\u2019s<\/span><span data-preserver-spaces=\"true\"> Chief Compliance Officer, Christopher Liu, highlighted the <\/span><span data-preserver-spaces=\"true\">company\u2019s<\/span><span data-preserver-spaces=\"true\"> commitment to regulatory collaboration, stating: <\/span><\/p>\n<blockquote>\n<p style=\"text-align: center\"><span data-preserver-spaces=\"true\">&#8220;T<\/span><span data-preserver-spaces=\"true\">he acquisition expands our regulatory footprint in Switzerland and reflects our steadfast commitment towards continually collaborating with regulators to review existing regulations and refine virtual assets specific regulations in the years to come<\/span><span data-preserver-spaces=\"true\">.&#8221;<\/span><\/p>\n<\/blockquote>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Matrixport\u2019s<\/span><span data-preserver-spaces=\"true\"> Growing Portfolio<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Founded in 2019<\/span><\/strong><span data-preserver-spaces=\"true\"> by crypto mogul Jihan Wu, <\/span><strong><span data-preserver-spaces=\"true\">Matrixport has rapidly grown its portfolio.<\/span><\/strong><span data-preserver-spaces=\"true\"> The company holds a money lender license in Hong Kong and is registered as a money services business in the United States. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Recently, Matrixport launched a real-world assets platform called Matrixdock and unveiled a new gold-backed token on <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-is-ethereum\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Ethereum <\/span><\/a><span data-preserver-spaces=\"true\">and BNB Chain. This acquisition positions Matrixport as a formidable player in the European crypto market, poised for further growth and innovation.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Matrixport Acquires CFAM: Matrixport has acquired Crypto Finance (Asset Management) AG (CFAM) and rebranded it to Matrixport Asset Management AG (MAM), managing $6 billion in assets. Regulatory Approval: The acquisition has been approved by the Swiss Financial Market Supervisory Authority (FINMA), enhancing Matrixport\u2019s regulatory footprint in Europe. Leadership and Expansion: Stefan Schwitter is appointed &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Matrixport Completes Major Acquisition as It Eyes European Market Dominance\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/matrixport-completes-major-acquisition-as-it-eyes-european-market-dominance\/#more-172338\" aria-label=\"More on Matrixport Completes Major Acquisition as It Eyes European Market Dominance\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":172341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4620,5536,4656,4685],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172338"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172338"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172338\/revisions"}],"predecessor-version":[{"id":172342,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172338\/revisions\/172342"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172341"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}