CoinShares buys Napoleon Asset Management

London-based digital asset management firm that provides financial products and services for professional investors, CoinShares has acquired French-based Napoleon Asset Management. The deal will allow CoinShares to offer AIFM compliant products and services, in addition to its leading position as an issuer of crypto Exchange Traded Products (ETPs).

The new buy 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.

The transaction follows the acquisition of the Napoleon Group last December and fits with CoinShares’ strategy of developing into a full-service digital asset investment and trading group, within a strong regulatory framework.

The platform had earlier acquired a 20.28% stake in Swiss online bank FlowBank to increase its holding to 29.3%.

Jean-Marie Mognetti, CEO of CoinShares, said: “After the recent events in the digital asset sector, it has never been clearer that strong regulation is needed for crypto to thrive. Bringing the company into our group is a further step in the right direction towards investor protection. We are one of the most regulated digital asset investment firms in the industry. Our regulated status in a growing number of jurisdictions is one of CoinShares’ principal strengths.”

Jean-Charles Dudek, CEO of Napoleon Asset Management, added: “We have continued to build upon the synergies between our 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.”