Crypto Services Provider Matrixport Buys Crypto Finance's Asset Management Unit [Yahoo! Finance]
DEUTSCHE BOERSE UNSP/ADR (DBOEY)
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Source: Yahoo! Finance
The firm has been renamed Matrixport Asset Management AG (MAM). Singapore-based crypto financial services platform Matrixport has announced an all-cash acquisition of licensed Swiss crypto asset manager and former Deutsche Boerse Group subsidiary, Crypto Finance (Asset Management) AG. The Switzerland-based entity, now renamed Matrixport Asset Management AG (MAM), offers institutional-grade digital assets investment solutions, including the first FINMA-approved crypto fund. The acquired company was part of Crypto Finance, which falls under the Deutsche Boerse Group. FINMA is the Swiss Financial Market Supervisory Authority, an independent regulator of the European nation's financial markets. Matrixport has $6 billion in assets under management. The regulatory-compliant acquisition expands Matrixport's footprints in Europe, reflecting the firm's "steadfast commitment towards continually collaborating with regulators to review existing regulations and refine virtual assets speci
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