Airdrop Army

Matrixport’s bagged a heavy one today. The crypto services behemoth’s gone all-in on its acquisition spree, snatching up Crypto Finance AG in a straight cash deal. This Swiss asset wrangler was chilling under the Deutsche Börse blanket since 2021, but no more. FINMA’s nod makes it all legit now, as of today.

Matrixport’s New Swiss Playbook

Two years back, Deutsche Börse shelled out some “moderate three-digit CHF millions” to get its hooks into Crypto Finance, snagging a solid two-thirds. Fast forward, and Matrixport’s now flexing with a full takeover. No partials. Rebranding? Of course. Matrixport Asset Management AG is the new moniker, but with the same institutional-grade crypto artillery. The moves here ain’t subtle—Matrixport wants its clients nibbling at compliant, big-dog crypto products in a region that’s dripping with institutional cash flow.

John Ge, the big kahuna at Matrixport, threw some alpha into the mix. “This acquisition lets our clients tap into compliant crypto asset management products and fits our strategy to widen our playground in Europe.” Translation: the firm’s got eyes on Swiss soil and institutional flow, and they’re not planning to leave crumbs.

Leadership Scramble, Crypto Edition

With the ink still drying, Stefan Schwitter, Crypto Finance’s old guard, gets his promotion straight to the top of the food chain—he’s now CEO of Matrixport Asset Management AG. Schwitter’s already vibing with the new setup: “Joining Matrixport lets us level up for our global client base, now and future.” No subtlety, just growth mode—on a global scale.

Then, there’s Christopher Liu, compliance czar at Matrixport, seeing this as a mega step for Swiss regulatory clout. He’s hyped that it reflects their long-game strategy of playing footsie with regulators, prepping for when virtual asset rules start showing up for real.

This move’s just another piece in Matrixport’s puzzle. Don’t forget, they recently bagged a Hong Kong license application in February, juuuust before the cutoff buzzer.