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2h ago

CoinShares to Acquire Bastion Asset Management to Bolster Active Crypto Strategies

The deal positions CoinShares to launch U.S. 1940 Act funds using Bastion’s quantitative, market‑neutral expertise.

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CoinShares to acquire Bastion Asset Management to expand crypto investment lineup in US
Coinshares to acquire fca regulated bastion asset management
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Overview

  • CoinShares announced an agreement to buy London-based, FCA-regulated Bastion Asset Management, with completion contingent on UK Financial Conduct Authority approval.
  • Financial terms were not disclosed in the announcement.
  • Bastion specializes in systematic, market‑neutral and quantitative crypto strategies aimed at institutional clients.
  • Bastion CEO Philip Scott and CIO Fred Desobry are slated to join CoinShares when the transaction closes.
  • CoinShares plans to integrate Bastion’s strategies into its platform and leverage its U.S. registered Investment Advisor status to develop actively managed funds for institutional investors.