Matrixport Asset Management AG has achieved a significant regulatory milestone by registering its Crypto Market Index Fund with the UK's Financial Conduct Authority (FCA), enabling the fund to market and sell to institutional investors in the United Kingdom. This marks the fund's first expansion outside its home market in Switzerland, where it has been regulated by FINMA since its 2021 launch as Switzerland's first regulated crypto asset fund.
The fund tracks the Crypto Market Index 10 (CMI10) published by the SIX Swiss Exchange, which comprises the ten largest and most liquid cryptocurrencies by market capitalization. Key assets in the index include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Solana (SOL), providing diversified exposure to the crypto sector's top performers. Unlike exchange-traded products (ETPs or ETNs), the fund operates under a traditional structure with asset segregation, offering institutional investors enhanced security, transparency, and regulatory compliance.
Matrixport Advisors Limited, an FCA-authorized entity and appointed representative of Varramore Partners Limited, will handle distribution in the UK under a private placement framework. Cynthia Wu, COO of Matrixport, emphasized that this expansion aligns with the company's European growth strategy, stating: "This registration marks a milestone in our plan to offer secure and compliant digital asset solutions" while balancing innovation with regulatory adherence.
The UK expansion follows Matrixport's 2024 acquisition of Crypto Finance Asset Management AG (renamed to Matrixport Asset Management AG), reinforcing its position as a leading compliance-focused crypto asset manager in Europe.