CoinShares gives a technical update on the acquisition of Napoleon and its social trading platform
By Joy Dumasia
CoinShares International Limited, Europe’s most prominent and longest-standing digital asset investment firm, announces that further to the announcement of 1 December 2021, the acquisition of the French FinTech firm Napoleon Crypto SAS and its subsidiaries completed on Thursday, 16 December 2021.
The transaction was settled via a combination of cash and a partial equity swap, with the issuance of 363,636 new ordinary shares (“Consideration Shares”) at a price of SEK 110 (EUR 10.8) per share, representing a 31% premium versus the Thursday, 16 December closing price on the Nasdaq First North Growth Market.
CoinShares is managing billions of dollars of assets on behalf of its client base. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under the ticker CS and the OTCQX under the ticker CNSRF.
Recently, IBS Intelligence reported that CoinShares, Europe’s digital asset investment platform, announced that it would be contributing real-time crypto pricing data to the Pyth network, a decentralized financial market data distribution platform for aggregated data.
The Pyth network is built on Solana, a blockchain protocol well-suited for timely and effective receipt and distribution of market data used in high-frequency trading operations and environments where trust, accuracy, and speed are critical to performance.
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