CoinShares Announces the Acquisition of Napoleon Asset Management

CoinShares, a European cryptocurrency investment firm, said on Monday that it had acquired Napoleon Asset Management following approval from the Autorité des Marchés Financiers (AMF).

According to the press release, the transaction was completed on June 30, following the Napoleon Group acquisition in December 2021. Napoleon Asset Management has been licensed under the Alternative Investment Fund Manager (AIFM) Directive since March 2019.

As a crypto exchange-traded product (ETP) issuer, CoinShares is now able to offer AIFM-compliant products and services through Napoleon Asset Management.

With the AIFM license, the company is able to provide and market services and products across the European Union under a passporting regime. As a result of the acquisition, CoinShares will be able to leverage active investment strategies based on algorithmic trading and artificial intelligence for digital assets developed by Napoleon Asset Management quant teams.

“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. Now that approval has been granted, this acquisition by CoinShares will further strengthen the ties between us,” Jean-Charles Dudek, the Chief Executive Officer of Napoleon Asset Management, commented.

Moreover, Jean-Marie Mognetti, the Chief Executive Officer of CoinShares, pointed out: “After the recent events in the digital asset sector, it has never been more clear that strong regulation is needed for crypto to thrive. 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. We are proud to be 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; it reassures our clients and demonstrates our plans to lead Europe’s digital asset sector.”