{"id":358865,"date":"2024-09-30T17:23:26","date_gmt":"2024-09-30T11:53:26","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=358865"},"modified":"2024-09-30T17:23:26","modified_gmt":"2024-09-30T11:53:26","slug":"matrixport-acquires-crypto-finance-ag-from-deutsche-borse-group-in-all-cash-deal-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/matrixport-acquires-crypto-finance-ag-from-deutsche-borse-group-in-all-cash-deal-crypto-news\/","title":{"rendered":"Matrixport Acquires Crypto Finance AG from Deutsche B\u00f6rse Group in All-Cash Deal – Crypto News"},"content":{"rendered":"
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Crypto financial services hub Matrixport announced today that it has completed its all-cash acquisition of Crypto Finance AG, a licensed Swiss crypto asset manager previously part of the Deutsche B\u00f6rse Group.<\/p>\n

Deutsche B\u00f6rse Group acquired a two-thirds majority stake<\/a> in Crypto Finance back in June 2021, for a “moderate three-digit CHF million” price.<\/p>\n

According to a September 30 announcement<\/a> by Matrixport, the transaction has received all necessary regulatory approvals, including from the Swiss Financial Market Supervisory Authority (FINMA). Crypto Finance will be renamed Matrixport Asset Management AG. The report follows Matrixport becoming a crypto unicorn<\/a> after a $100 million investment in the summer of 2021\u2014leading to a valuation exceeding $1 billion.<\/p>\n

Decrypt<\/i> has reached out to Matrixport for comment and will update this article should they respond.<\/p>\n

Switzerland-based Crypto Finance provides institutional-grade crypto investment solutions, managing the first FINMA-approved crypto fund and offering a range of crypto investment products and structuring capabilities.<\/p>\n

Matrixport CEO and co-founder John Ge explained in a statement that “the acquisition enables clients access to compliant crypto asset management products and aligns with our strategy to expand services in Europe.”<\/p>\n

Crypto Finance\u2019s former head of asset management Stefan Schwitter has been appointed CEO of Matrixport Asset Management. In a statement, Schwitter said that joining Matrixport \u201callows us to add value to the existing and future client base on a global level.”<\/p>\n

Christopher Liu, Matrixport\u2019s Chief Compliance Officer and Head of Regulatory, said that “the acquisition expands our regulatory footprint in Switzerland and reflects our commitment to collaborating with regulators to review and refine virtual assets-specific regulations in the years to come.” The report follows Matrixport filing for a Hong Kong license<\/a> days before the deadline in February.<\/p>\n

The acquisition follows a recent announcement<\/a> about MatrixPort and Bitcoin (BTC) scalability solution exSat partnering. The two companies introduced nBTC\u2014a wrapped Bitcoin anchored 1:1 with BTC, with the aim of increasing liquidity and enabling new financial applications like staking and lending with Bitcoin on exSat.<\/p>\n

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Crypto financial services hub Matrixport announced today that it has completed its all-cash acquisition of Crypto Finance AG, a licensed Swiss crypto asset manager previously part of the Deutsche B\u00f6rse Group. Deutsche B\u00f6rse Group acquired a two-thirds majority stake in Crypto Finance back in June 2021, for a “moderate three-digit CHF million” price. According to […]<\/p>\n","protected":false},"author":2,"featured_media":358869,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-358865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/358865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=358865"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/358865\/revisions"}],"predecessor-version":[{"id":358871,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/358865\/revisions\/358871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/358869"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=358865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=358865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=358865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}