Matrixport, a crypto financial services provider with $ 6 billion in assets under management, has completed its all-cash acquisition of Crypto Finance Asset Management AG, a licensed Swiss crypto asset manager previously part of the Deutsche Börse Group. Renamed Matrixport Asset Management AG, the unit will continue to provide institutional-grade crypto investment solutions, including …
Swiss Bank ZKB Partners With Crypto Finance to Launch Crypto Asset Brokerage
Zürcher Kantonalbank (ZKB), Switzerland’s largest cantonal bank, has partnered with Crypto Finance AG to offer crypto asset brokerage services. By partnering with Crypto Finance AG, ZKB gains access to an experienced and regulated partner with deep industry expertise in the crypto space. This partnership marks a significant step towards the broader acceptance of cryptocurrencies in […]
FINMA Warns Stablecoins Threaten Swiss Financial Reputation
The Swiss regulator, the Financial Market Supervisory Authority (FINMA), recently published guidance on the issuance of stablecoins. The regulator says stablecoins are not only associated with money laundering risks but pose reputational risks for the entire Swiss financial centre. Stablecoin Issuers as Financial Intermediaries The Swiss regulator, the Financial Market Supervisory Authority (FINMA), has recently […]
Swiss Crypto Bank Sygnum Achieves Profitability Amid Rapid Growth
Swiss-based crypto bank Sygnum has achieved profitability in the first half of 2024, marking a significant milestone in the digital asset industry. The bank’s success is attributed to robust growth across its core business segments, including custody, trading, and lending services. With assets under administration surpassing $ 4 billion, Sygnum caters to clients from …
Swiss Crypto Bank Amina Partners Pyth Network to Provide Accurate Price Feeds
Swiss crypto bank Amina Bank has partnered with Pyth Network to provide more accurate price feeds for users. This collaboration brings Amina Bank closer to its goal of enhancing the user experience and accessibility of Web3 applications. The real-time price feeds allow Amina Bank to generate an entirely new revenue stream for its business without […]