CoinShares acquires French crypto asset manager Napoleon AM
— Option, Spa, Crypto exchange, Late 2018, Coinshares ’ group, Stating :“ coinshares continues, License, Regulated bitcoin, First european asset managers, Coinshares continues scaling despite — 1 min read
European digital asset manager CoinShares is finalizing the acquisition of the French fintech firm Napoleon Group. Napoleon Asset Management, a digital asset management subsidiary of Napoleon Group, was launched in late 2018. Napoleon AM was one of the first European asset managers to be financed by an ICO and incorporated under French law. The acquisition of Napoleon AM allows CoinShares to offer AIFM-compliant products and services, in addition to being a major issuer of crypto exchange-traded products in Europe. The transaction is yet another piece of evidence that CoinShares continues scaling despite the ongoing market decline, CoinShares CEO Jean-Marie Mognetti told Cointelegraph, stating: “CoinShares continues to grow despite market conditions.” Source