CoinShares Acquires Napoleon Asset Management


CoinShares International Limited (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF), a European digital asset investment firm, acquired Napoleon Asset Management, one of the first ever digital asset managers, licensed under the AIFM Directive since March 2019.

The amount of the deal – signed and completed on 30 June 2022 – was not disclosed.

The acquisition of Napoleon Asset Management allows CoinShares to offer AIFM compliant products and services, in addition to its market leading position as an issuer of crypto Exchange Traded Products (ETPs).

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. On 30 November 2021, CoinShares entered into a sale and purchase agreement to acquire the entire Napoleon Group. The transaction was completed on Thursday, 16 December 2021. The Group SPA contained an option to acquire Napoleon Asset Management, the exercise of which was subject to prior approval of the change of control by the Autorité des Marchés Financier. That approval was received on 28 June 2022. CoinShares exercised its option to acquire Napoleon Asset Management and entered into a sale and purchase agreement pursuant to the terms set out in the Group SPA which signed and completed simultaneously on 30 June 2022.

CoinShares is an advocate of regulation in the digital asset industry and has an extensive list of regulated products and services. The Alternative Investment Fund Manager (“AIFM”) licence is one of the most rigorous European regulations for Asset Managers and is a key component in CoinShares’ ambition to become the leading investment group in the digital asset sector.

The AIFM licence carries a passporting regime that allows it to provide and market services and products throughout the European Union. 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.

Jean-Marie Mognetti, Chief Executive Officer, CoinShares is Europe’s largest and longest standing digital asset investment firm, managing billions of dollars of assets on behalf of its client base. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under the ticker CS and the OTCQX under the ticker CNSRF.