CoinShares Acquires Bastion Asset Management for Crypto Expansion
CoinShares to Acquire Bastion Asset Management
- CoinShares, a leading European asset manager, plans to acquire Bastion Asset Management, a UK-based firm regulated by the FCA.
- The acquisition aims to enhance CoinShares' capabilities in actively managed crypto-related investments.
- CEO Jean-Marie Mognetti highlights Bastion's expertise in systematic digital asset investing.
- The deal awaits UK FCA regulatory approval; upon completion, Bastion will be integrated into CoinShares.
- Bastion's CIO Fred Desobry and CEO Philip Scott will join CoinShares post-acquisition.
Expansion Beyond Europe
- CoinShares announced a business combination agreement with Vine Hill Capital Investment Corp. on September 8.
- This move will list CoinShares on the Nasdaq Stock Market in the US.
- Currently holding a 34% market share in Europe, CoinShares seeks global recognition.
- CoinShares holds a MiCA regulatory license from France’s AMF.
- Other top crypto firms like Ripple Labs, Coinbase Global Inc., and Kraken have also expanded through acquisitions.