Zurich, 30 September 2024 – Crypto Finance AG, a FINMA-regulated provider of institutional digital asset services, has announced the strategic sale of its asset management division to Matrixport. This move underscores Crypto Finance's commitment to strengthening its core offerings in Switzerland and Europe, including trading, custody, staking, and infrastructure solutions.
Transaction Overview
- Parties Involved: Crypto Finance AG (Deutsche Börse Group subsidiary) and Matrixport.
- Asset Sold: Crypto Finance (Asset Management) AG ("CFAM"), Switzerland's first FINMA-approved crypto asset manager.
- Regulatory Approval: FINMA has greenlit the transaction.
- New Entity: CFAM will rebrand as Matrixport Asset Management AG.
Strategic Rationale
Crypto Finance will now concentrate on expanding its core digital asset services across European markets, while Matrixport gains a foothold for European growth. The sale followed a competitive bidding process, with Matrixport selected for its:
- Proven crypto market expertise,
- Global operational reach,
- Alignment with CFAM's innovative product legacy.
Leadership Insights
Stijn Vander Straeten, CEO of Crypto Finance:
"Matrixport is the ideal partner to scale CFAM’s business. This divestment allows us to focus on enhancing our institutional-grade trading, custody, and staking infrastructure."
John Ge, CEO of Matrixport:
"Acquiring CFAM accelerates our European strategy, ensuring clients access compliant, cutting-edge crypto investment products."
FAQ Section
1. Why did Crypto Finance sell its asset management division?
To sharpen its focus on core services (trading/custody) and expand its European market presence.
2. How will CFAM operate post-sale?
As Matrixport Asset Management AG, retaining its team and product offerings under new ownership.
3. Does this affect Crypto Finance’s existing clients?
No. Asset managers and ETP providers will continue receiving Crypto Finance’s services uninterrupted.
4. What advantages does Matrixport gain?
A regulated Swiss entity to bolster its European expansion and product suite.
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