Matrixport has had its UK wholly-owned subsidiary, Matrixport Advisors Limited, appointed as an Appointed Representative (AR) of Varramore Partners Limited (Varramore), which is authorized and regulated by the UK Financial Conduct Authority (FCA). The relationship allows Matrixport to conduct a range of investment-related activities in the UK.
Headquartered in Singapore, Matrixport offers a digital asset ecosystem providing one-stop financial services. The company seeks strategic collaborations with early-stage Web3 firms, helping them build and scale providing custody, spot OTC, fixed income, structured products, lending as well as asset management.
Varramore is a boutique financial service provider offering a range of bespoke services to investment firms.
Gerard O’Brien, Managing Director of Varramore, said they were pleased to support Matrixport’s expansion in the UK, adding they will help promote the firm’s digital asset investment products while serving UK-based institutional investors while being compliant.
Toby Norfolk-Thompson, Matrixport’s Chief Investment Officer US & UK, said the relationship with Varramore is a testament to their commitment to best practices and compliance. He added that by operating in the UK, a European hub of financial innovation, it creates an opportunity for his firm.
Matrixport pointed to a Chainalysis report that indicates the UK’s digital asset market is experiencing rapid growth, and is currently the largest digital asset sector in Western Europe by transaction volume, with $233 billion in transactions between July 2021 and June 2022.
Matrixport recently announced a partnership with Chainalysis to use its transaction monitoring and AML tools.