CoinShares completes Napoleonic acquisition, can now offer products across the EU
CoinShares Napoleon Asset Management
Modified Date:- Published Date:-Categories: Cryptocurrency
CoinShares completes Napoleonic acquisition, can now offer products across the EU
Digital asset manager CoinShares (CS) has completed the acquisition of Napoleon Asset Management, allowing it to offer its products and services throughout the European Union (EU).
- Paris-based Napoleon Asset Management is licensed by French regulator Autorité des Marchés Financiers (AMF) under the Alternative Investment Fund Manager (AIFM) directive.
- Which gives passporting permission to market products and services across the EU.
- The acquisition of Napoleon AM was however subject to approval by the AMF, which was granted on 28 June.
- CoinShares, which claims to be Europe's largest digital asset firm, can now offer its exchange-traded products (ETPs) and other investment vehicles to the EU, providing it with a much-needed source of funding.
Napoleon Acquisition, AMF, Europe Union, CoinShares, Exchange trade Products, AIFM, Digital Asset