CoinShares International Limited d/b/a CoinShares (https://coinshares.com), a European crypto investment firm announced that it has acquired Napoleon Asset Management, one of the first-ever crypto assets managers, licensed under the AIFM Directive since March 2019. The transaction was signed and completed on 30 June 2022 following the approval of the French regulator Autorité des Marchés Financiers (AMF). The acquisition allows CoinShares to offer AIFM-compliant products and services, in addition to its crypto Exchange Traded Products (ETPs).
On 30 November 2021, CoinShares entered into a sale and purchase agreement to acquire the entire Napoleon Group subject to the approval of the change of control by the Autorité des Marchés Financier (AMF). That approval was received on 28 June 2022.
According to the CoinShares press release, the acquisition will also enhance CoinShares’ offering by leveraging active investment strategies based on algorithmic trading and artificial intelligence for digital assets built by Napoleon Asset Management quants teams.
CoinShares is publicly listed on the Nasdaq Nordic under the ticker CS and the OTCQX under the ticker CNSRF. The stock currently holds at around SEK 28 ($2.7) after peaking above 100 in November 2021, with a market capitalization of around SEK 1.9B ($180M).
