Coinhares, European Digital Asset Manager with approx. $ 10 billion under management said Wednesday it will acquire Financial Conduct Authority-Reguled Bastion Asset Management.
The financial details of the agreement subject to British legislative approval were not revealed in press materials. The move is intended to elaborate on Coinhares’ capacities in actively controlled crypto strategies and support its US expansion.
London-based bastion specializes in systematic investment strategies for digital assets. The company has focused on market neutral and quantitative approaches aimed at institutional clients. According to the agreement, Bastions teams team, including CEO Philip Scott and Cio Fred Desbry, Coinshares.
Coinhares is best known for its exchange -traded products that give investors passive exposure to cryptocurrencies. Adding Bastion’s strategies allows the company to combine passive products with active management, which creates what it says could be a more complete suite for investors. For example, a pension fund currently using CoinShares’ Bitcoin ETPs may soon be able to devote to a market -neutral cryptophond that is designed to smooth returns in unstable markets.
The acquisition also strengthens Coinhares’ US ambitions. With an investment advisory license already in place, the company plans to launch actively managed funds tailored to institutional investors in the United States, a market where legislative clarity has made such products increasingly viable.
“This acquisition is perfect in accordance with our vision of giving our global investor base comprehensive digital asset management solutions,” said Jean-Marie Mogetti, CEO and co-founder of CoinShares. “After working closely with Bastion over the past year, we have experienced first -hand performance of their strategies and witnessing their expertise in systematic investment in digital asset.”
