Coinshares, the European manager of digital assets with around $ 10 billion under management, said on Wednesday that it acquired the management of bastion assets regulated by financial driving.
The financial details of the agreement, subject to British regulatory approval, were not disclosed in press documents. This decision aims to deepen the capacities of corners in the cryptographic strategies actively managed and to support its American expansion.
Bastion, based in London, specializes in systematic investment strategies for digital assets. The company focused on the neutral and quantitative approaches to the market for institutional customers. Under the agreement, the Bastion team, including CEO Philip Scott and CIO Fred Desobry, will join Coinshares.
Coinshares is best known for its products negotiated on the stock market, which give investors a passive exposure to cryptocurrencies. The addition of bastion strategies will allow the company to combine passive products with active management, creating what it says could be a more complete suite for investors. For example, a retirement fund that currently uses Coinshares ETP Bitcoin may soon be able to allocate to a neutral crypto fund on the market designed to smooth out volatile market yields.
The acquisition also strengthens the American ambitions of Coinshares. With a license to advise already in place, the company plans to launch funds actively adapted to institutional investors in the United States, a market where regulatory clarity has made these products more and more viable.
“This acquisition is perfectly aligned with our vision of providing our global investor base with complete digital asset management solutions,” said Jean-Marie Mognetti, CEO and co-founder of Coinshares. “Having worked in close collaboration with Bastion in the past year, we have first experienced the performance of their strategies and witness to their expertise in systematic investment in digital assets.”
