Matrixport Acquires Crypto Finance AG in All-Cash Deal to Expand Asset Management in Europe

Sep 30, 2024, 07:02 AM

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.