If approved by the Financial Conduct Authority (FCA), the Swiss-based Matrixport Crypto Market Index Fund would be able to be marketed and distributed to institutional clients in the United Kingdom on a private placement basis. This move would mark the fund’s first venture beyond Switzerland.
The Crypto Market Index Fund tracks the Crypto Market Index 10 (CMI10), published by the SIX Swiss Exchange. The index measures the performance of the ten largest and most liquid cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Solana, with constituents weighted by market capitalization.
Initially, the fund was authorized only by FINMA, the Swiss Financial Market Supervisory Authority. Since its launch in 2021, it has expanded into other markets and became the first regulated crypto asset fund in Switzerland. Serving as an investment vehicle for institutional clients, the fund combines regulatory supervision with asset segregation under a regulated fund structure, distinguishing it from other instruments like ETPs or ETNs.
Matrixport Asset Management AG, formerly known as Crypto Finance Asset Management AG (CFAM), operates the fund. The Singapore-based crypto financial services platform acquired the asset management unit of Crypto Finance AG in September last year and subsequently rebranded it as Matrixport Asset Management AG.
Matrixport’s U.K. Expansion
In the U.K., the fund will be distributed by Matrixport Advisors Limited, an appointed representative of Varramore Partners Limited, which is authorized and regulated by the FCA. This step demonstrates the firm’s commitment to meeting regulatory standards in the region.
Cynthia Wu, Chief Operating Officer at Matrixport Group, said the FCA marketing registration is a key milestone in the firm’s planned expansion into the U.K.
“Matrixport is dedicated to offering digital asset management solutions that combine innovation with compliance, while steadily strengthening our presence in the European asset management market. This enables institutional investors to access digital assets in a secure, transparent, and cost-efficient manner,” Wu said.
