Singapore crypto firm Matrixport acquired the asset management division of Switzerland’s Crypto Finance, which is owned by the Deutsche Börse. It was an all-cash transaction where the terms were not disclosed.
Switzerland’s FINMA is the regulator that supervises Crypto Finance (Asset Management) AG and has approved the transaction. The Swiss firm said it ran a competitive bidding process.
“The sale is in line with our overall strategy, to focus on our core competency as a one-stop-shop service and infrastructure provider,” said Stijn Vander Straeten, CEO of Crypto Finance.
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