CoinShares Acquires Bastion Asset Management to Enhance Digital Asset Management

According to Foresight News, CoinShares has announced the acquisition of Bastion Asset Management Ltd., a London-based crypto asset investment management firm regulated by the Financial Conduct Authority (FCA). This acquisition is set to significantly bolster CoinShares' active management capabilities, aiding its transformation into a comprehensive digital asset management platform. Upon completion of the acquisition, Bastion's strategies, team, and capabilities will be fully integrated into the CoinShares platform. The acquisition is subject to approval by the UK's Financial Conduct Authority. CoinShares aims to offer investors a complete solution across the digital asset investment spectrum by combining passive investment products with sophisticated active management strategies.