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Coinshares Acquires Crypto Asset Management Firm, Napoleon



Coinshares Acquires Crypto Asset Management Firm, Napoleon

Coinshares proudly announces the full acquisition of Napoleon Asset Management, the first-ever digital asset management firm licensed by the Alternative Investment Fund Managers (AIFM) directive. 

The acquisition allows Coinshares to offer AIFM-compliant products and services

Coinshares, a European digital asset investment firm, has announced the completion of the acquisition process for Napoleon Asset Management, one of the first-ever digital asset managers licensed under the AIFM Directive since March 2019. The transaction process was signed and completed on the 30th of June last week.

Coinshares is a digital asset investment firm with a variety of product offerings. With a mission to expand access to the digital asset ecosystem and still serve its clients, the firm claims that the acquisition of the Napoleon Asset Management firm will allow them to offer AIFM-compliant products and services, in addition to its market-leading position as an issuer of crypto Exchange Traded Products (ETPs). 

The AIFM license carries a ‘passporting’ regime that allows the company to provide and market services and products throughout the European Union. They claim that the acquisition will also enhance the firm’s offering by leveraging active investment strategies based on algorithmic trading and artificial intelligence for digital assets built by Napoleon Asset Management quant teams.

Jean-Marie Mognetti, Chief Executive Officer at Coinshares, commented on the firm’s milestone, saying:

“After the recent events in the digital asset sector, it has never been more clear that strong regulation is needed for crypto to thrive.” He said, “As such, we are very pleased to have received this approval from the AMF to acquire Napoleon Asset Management. Bringing the company into our group is a further step in the right direction towards investor protection.”

He added that Coinshares’ regulated status in a growing number of jurisdictions is one of their principal strengths and it reassures their clients and demonstrates their plans to lead Europe’s digital asset sector.

Napoleon’s CEO, Jean-Charles Dudek,  said that they have continued to build upon the synergies between their two businesses since CoinShares acquired the Napoleon Group last December. “The integration of Napoleon Asset Management into the group was anticipated at that time but necessarily needed to await consideration by and approval of the change of control by the AMF.”

He further claimed that now that the approval has been granted, this acquisition by CoinShares will further strengthen the ties between them.