CoinShares International Limited (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF), Europe’s biggest and longest-standing crypto business, announced today that it has agreed to buy Napoleon Crypto SAS and its subsidiaries in France in a cash and share deal worth €13.9 million ($15.7 million). Specifically, the transaction will involve issuance of 363,636 new shares at €10.80 (~$12.20) each. Napoleon and its staff will join the CoinShares family of businesses, using CoinShares’ technology, market infrastructure, and market presence to drive platform development with a heavy emphasis on self-directed investors.
CoinShares is Europe’s biggest and most established digital asset investment organization, handling billions of euros on behalf of its clients. The Group is committed to increasing investor access to the digital asset ecosystem by developing innovative financial products and services that aim to give confidence and transparency when investing in this new asset class.
CoinShares is traded on the Nasdaq First North Growth Market under the symbol CS and on the OTCQX under the symbol CNSRF. Napoleon offers self-directed investors to broaden their crypto investing experience by providing a range of pre-built portfolios and methods that cater to various investment goals.
The platform is non-custodial and fully linked with crypto exchanges including as Binance, Bitfinex, Bitmex, FTX, and Bitstamp. Users maintain total control over their assets while using algorithmic techniques and allocation models. Napoleon has built a solid presence within the French investing community since its start in 2017 and is trying to extend its consumer platform abroad.
Napoleon will continue to focus on establishing a dynamic investing community and providing actionable information under CoinShares ownership.
This community will be part of a larger social community that CoinShares has been working to build over the last seven years; a community focused on trading a diverse range of assets in diverse markets while optimising for a range of portfolio objectives such as risk management, yield generation, and portfolio diversification.
When the transaction is completed (anticipated in the second week of December), Napoleon’s staff and assets will become part of CoinShares, benefiting from the scope and size of CoinShares’ wider reach. There will be no changes to Napoleon’s day-to-day management or product offerings at this time.
JC Dudek, GM of Napoleon Group, said, “Napoleon Group is happy to have established one of Europe’s most active crypto trading communities. We will be able to concentrate our efforts on driving platform expansion and customer acquisition as a result of this deal. We are really thrilled to join CoinShares and their larger network of partners in order to continue growing.”
The acquisition of Napoleon by CoinShares is part of the Group’s growth strategy to continue expanding its in-house technology and platforms in order to reach new markets with new products that will help bridge the gap between traditional and decentralised finance while acknowledging a significant shift in investor preferences.
CoinShares CEO Jean-Marie Mognetti said, “Crypto is about community, and CoinShares has established a tremendous one over the previous seven years. As we expand, it is becoming more critical for us to continue to improve our capacity to disseminate our research, knowledge, and goods directly to our customers via the most suitable channel. Today, Napoleon provides crypto exchange customers with the ability to connect their exchange account to our platform of themed algorithmic trading strategies and baskets meant to provide a higher risk adjusted return depending on the risk profile set by the user. Scaling this platform and its associated services is the ideal method to launch CoinShares into a new and exciting consumer-focused growth chapter.”