CoinShares to acquire Napoleon Crypto for €13.9 million ($15.7 million)

The digital asset management company CoinShares said it is acquiring the French fintech Napoleon Crypto for €13.9 million ($15.7 million). It offers an automated service for selecting crypto portfolios.

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Settlement for the deal will be in shares and cash. Its closing is expected by mid-December.

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Launched in 2017, Napoleon’s platform provides thematic trading strategies and portfolios based on the client’s chosen risk profile.

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The service is integrated with Binance, FTX, Bitfinex and Bitstamp. Users retain full control of their assets when deploying the algorithms.

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In November, CoinShares participated in a funding round of the data provider Staking Rewards, which covers staking and other forms of income from digital assets.

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