Matrixport strengthens European presence with new acquisition

Matrixport, a major cryptocurrency financial services provider, has expanded its operations into Europe through the acquisition of Crypto Finance Asset Management (CFAM), a Switzerland-based asset management firm.

Announced on September 30, the all-cash deal is part of Matrixport’s strategy to offer institutional-grade crypto investment solutions across global markets.

Following the acquisition, CFAM has been rebranded as Matrixport Asset Management (MAM).

The deal was approved by the Swiss Financial Market Supervisory Authority (FINMA), ensuring a smooth and regulatory-compliant transition.

Through this acquisition, Matrixport has gained key talent, with Stefan Schwitter, former head of asset management at CFAM, now leading MAM as CEO.

Schwitter expressed enthusiasm about joining forces with Matrixport, stating, "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."

CFAM was notable for being the first FINMA-approved manager of collective crypto assets, managing Switzerland’s first regulated crypto fund.

With this acquisition, Matrixport strengthens its institutional services, expanding into new European markets and enhancing its offerings in trading, custody, staking, and other post-trade services.

CFAM’s previous CEO, Stijn Vander Straeten, commented, "This move allows us to put all our focus on expanding our core services within the digital asset ecosystem in Switzerland, Germany, and across the European markets."

Matrixport, founded in Singapore in 2019, currently manages over $6 billion in assets and operates in more than 40 countries.

The firm continues to position itself as a leading player in the global digital asset industry, with a workforce of 290 employees.