CoinShares Acquires Bastion Asset Management to Enhance Actively Managed Digital Assets

CoinShares, a leading European asset manager in digital assets, is acquiring Bastion Asset Management to strengthen its actively managed capabilities. The acquisition will enhance CoinShares' ability to serve sophisticated investors seeking actively managed digital asset solutions. Bastion brings a market-leading quantitative alpha investment approach applied to digital assets, and its CEO and CIO will join CoinShares upon completion. The deal is subject to regulatory approval from the UK Financial Conduct Authority.

CoinShares, a prominent European asset manager specializing in digital assets, has announced its acquisition of Bastion Asset Management. This strategic move aims to enhance CoinShares' ability to serve sophisticated investors seeking actively managed digital asset solutions. The acquisition is subject to regulatory approval from the UK Financial Conduct Authority BIGG Digital Assets Announced Extension Of Netcoins Exemptive Relief To Operate A Crypto Trading Platform^[1].

Bastion Asset Management is known for its market-leading quantitative alpha investment approach applied to digital assets. Upon completion of the acquisition, Bastion's CEO and CIO will join CoinShares, bringing their expertise and experience to the team. This integration will bolster CoinShares' actively managed capabilities, positioning the company to better serve its clients.

The acquisition aligns with CoinShares' strategy to expand its offerings and meet the growing demand for actively managed digital asset solutions. By incorporating Bastion's quantitative investment approach, CoinShares aims to provide investors with a more sophisticated and diversified portfolio management experience.

CoinShares' decision to acquire Bastion Asset Management underscores the company's commitment to innovation and growth within the digital asset management sector. As the industry continues to evolve, this acquisition positions CoinShares to remain at the forefront of actively managed digital asset solutions.