CoinShares International decided to buy French fintech company Napoleon Crypto SAS for around $15 million. CoinShares stated that the acquisition of Napoleon Crypto SAS is a part of its strategy to expand the offers of technology and platforms.
More About CoinShares International
CoinShares International Limited provides several financial services to its customers. The company is focused on digital asset investments and serves customers across the globe. It’s located in Jersey, Channel Island, and its CEO is Jean-Marie Mognetti.
Info on Napoleon
Napoleon Group is also focused on crypto asset management, trading, strategy, data science, IT development, and similar. It leverages quantitative finance, blockchain, and crypto assets in building the future of investing.
Napoleon Group is located in Paris, France, and its co-founders are Dr. Arnaud Dartois and Jean-Charles Dudek.
Napoleon is also integrated with several crypto exchanges, including Binance, Bitfinex, Bitstamp, etc.
Once fully acquired, Napoleon will improve and build its investment community and provide actionable insights.
However, this community will join a larger social community of CoinShares. Together, these communities will focus on trading various assets in different markets while optimizing portfolios, dealing with risk management, yield generation, and more.
Napoleon’s team and the company’s assets will become a part of CoinShares upon the completion of the acquisition of this fintech company. So far, there have been no changes in Napoleon’s management and services.