Despite the continued market slump, central European digital asset management CoinShares is completing the acquisition of French fintech company Napoleon Group. On July 4, CoinShares announced that it had purchased Napoleon Asset Management, a division of Napoleon Group that dealt with digital assets. CoinShares Engaged in Sale and Purchase Agreement (SPA) To purchase the entire issued share capital of Napoleon Crypto SAS for 13.9 million ($14.5 million) in November 2021, CoinShares is already engaged in a sale and purchase agreement (SPA). The most recent transaction happened soon after Napoleon AM’s acquisition was approved by France’s financial watchdog, Autorité des Marchés Financiers (AMF), on June 28. Later, in June 2022, CoinShares carried out the transaction based on the group SPA’s terms. Napoleon AM, situated in Paris, was established following the successful close of an Initial Coin Offering (ICO) in late 2018, which raised over $10 million through NPX tokens. The company was one of the first European asset managers to be funded by an ICO and incorporated under French law after receiving the Alternative Investment Fund Manager (AIFM) license. Napoleon Bitcoin Fund A regulated Bitcoin (BTC) fund, the Napoleon Bitcoin Fund, was introduced by Napoleon AM in late 2019. In addition to becoming a significant issuer of cryptocurrency exchange-traded products in Europe, the acquisition of Napoleon AM enables CoinShares to p...
XRP Price Prediction For 24 November
