This crypto business just acquired a Swiss asset manager to take their business to the next level [Business Insider]
DEUTSCHE BOERSE UNSP/ADR (DBOEY)
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Source: Business Insider
It strengthens Matrixport's commitment to achieving global compliance and expands its product suite. Launching a multi-strategy fund is next on the horizon. Matrixport, a leading all-in-one financial services hub, is setting new standards in the crypto market space. Founded in 2019 and holding $6 billion in assets under management, Matrixport is changing how people invest. It's achieving this by ensuring that investors' interests are aligned with the company. The new acquisition is an entry point to the European crypto asset management market Keen to maximize what it offers its investors, Matrixport has gone one step further through the 100% equity acquisition of Crypto Finance (Asset Management) AG (CFAM), a licensed Swiss crypto asset manager. Previously part of the Deutsche Börse Group-owned Crypto Finance Group, following the all-cash acquisition, CFAM will be renamed to Matrixport Asset Management (MAM). Through the acquisition, Matrixport gains entry into the Europe
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