July 4, 2022 | St. Helier, Jersey | CoinShares International Limited (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF) (“CoinShares”) is Europe’s largest and longest digital asset investment company, Autorité des Marchés Financiers (AMF), under AIFM directive since March 2019. Acquired Napoleon Asset Management, one of the first digital asset managers licensed at. The transaction was signed and completed on June 30, 2022.
The transaction follows the acquisition of Napoleon Group in December last year and is in line with CoinShares’ strategy to develop into a full-service digital asset investment and trading group within a strong regulatory framework.
CoinShares is a strong advocate of regulation in the digital asset industry and has an extensive list of regulated products and services. Alternative Investment Fund Manager (“AIFM”) licensing is one of the most stringent European regulations for asset managers and is a key component of CoinShares’ ambition to become a major investment group in the digital asset sector. The acquisition of Napoleon Asset Management will enable CoinShares to offer AIFM-compliant products and services in addition to its market-leading position as an issuer of cryptocurrency exchange-traded products (ETPs).
The AIFM license includes a passport system that allows services and products to be offered and sold throughout the European Union. The acquisition will also enhance CoinShares offerings by leveraging the digital asset algorithmic trading and artificial intelligence-based active investment strategies built by the Napoleon Asset Management quants team.
Jean-Marie Mognetti, Chief Executive Officer of CoinShares, said: So we are very pleased to receive this approval to acquire Napoleon Asset Management from AMF. Adding a company to our group is another step in the right direction for investor protection. We are proud to be one of the most regulated digital asset investment companies in the industry. The status regulated by more and more jurisdictions is one of CoinShares’ main strengths. It reassures clients and shows plans to lead the digital asset sector in Europe. “
Jean-Charles Dudek, Chief Executive Officer of Napoleon Asset Management, said: At the time, Napoleon’s asset management was expected to be integrated into the group, but had to wait for consideration and approval due to the change of control by AMF. With approval, this acquisition by CoinShares further strengthens our relationship. “
On November 30, 2021, CoinShares entered into a sales agreement (“Group SPA”) to acquire the entire Napoleon Group. The transaction was closed on Thursday, December 16, 2021. The Group SPA included an option to acquire Napoleon Asset Management. The exercise required prior approval of the change of control by Autorité des Marchés Financier. The approval was received on June 28, 2022. CoinShares has exercised the option to acquire Napoleon Asset Management and entered into a sales agreement on June 30, 2022, subject to the terms set forth in the Group SPA, which was simultaneously signed and completed.
About coin share
CoinShares is Europe’s largest and longest-established digital asset investment company, managing billions of dollars of assets on behalf of its client base. The Group focuses on increasing investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency in accessing this new asset class. I’m guessing. CoinShares is listed on the Nasdaq First North Growth Market ticker CS and OTCQX is listed on the ticker CNSRF.
For more information on CoinShares, please visit: https://coinshares.com
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