- Matrixport has acquired Crypto Finance (Asset Management) AG, strengthening its position in the European crypto market.
- The new entity, Matrixport Asset Management AG, will provide institutional-grade crypto investment solutions, including a FINMA-approved crypto fund.
- The partnership with exSat aims to enhance Bitcoin scalability and introduce nBTC, a Wrapped BTC product for DeFi engagement.
Matrixport, co-founded by Jihan Wu, has officially completed its all-cash acquisition of Crypto Finance (Asset Management) AG (CFAM), a Swiss firm renowned for its compliant crypto asset management services. This strategic move positions Matrixport to broaden its reach within the pan-European market, enhancing its status as a comprehensive crypto financial services hub.
The newly renamed entity, Matrixport Asset Management AG (MAM), will continue CFAM’s legacy of delivering institutional-grade crypto investment solutions, including the first FINMA-approved crypto fund.
In a statement, John Ge, Co-Founder and CEO of Matrixport, expressed excitement about establishing MAM, emphasizing the acquisition’s role in providing innovative and compliant crypto asset management products to clients while aligning with the company’s European expansion strategy.
The appointment of CFAM’s former head of asset management as its new CEO will bolster MAM’s leadership, ensuring a seamless transition and continuity in expertise.
Christopher Liu, the company’s Chief Compliance Officer, highlighted the acquisition’s significance in expanding the firm’s regulatory presence in Switzerland. This reflects the company’s commitment to working closely with regulators to refine and adapt to the evolving landscape of virtual asset regulations.
Matrixport Partners with exSat to Enhance Bitcoin Scalability
This acquisition follows a recent strategic partnership between Matrixport and exSat aimed at enhancing Bitcoin scalability. The collaboration seeks to leverage both companies’ strengths to stimulate growth within the Bitcoin ecosystem.
Matrixport brings extensive experience and a robust user base, while exSat focuses on innovative scalability solutions for Bitcoin and promises enhanced functionality and interoperability.
Central to their partnership is the introduction of nBTC, a new Wrapped BTC product that will operate on the exSat platform. This will provide users with opportunities to engage in various decentralized finance (DeFi) applications.
This initiative aims to unlock Bitcoin liquidity by bridging native Bitcoin with the exSat ecosystem, allowing seamless transactions and enhanced user experiences.
The collaboration will also prioritize security, integrating Matrixport’s expertise with exSat’s blockchain technology to develop robust security measures. Both firms recognize that a secure Bitcoin ecosystem is paramount for instilling user confidence. To safeguard assets effectively, they will focus on multi-signature technology, risk control systems, and continuous security monitoring.
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