CoinShares, which manages roughly $10B in assets and holds the title of Europe’s top digital asset ETP manager, is taking its regulated fund infrastructure onchain. The firm announced a strategic partnership with financial technology company Kiln, built around Kiln’s Railnet protocol, to handle settlement flows, compliance controls, and transparent reporting for a new hybrid investment strategy.
What the partnership actually involves
Jérôme Castille, Managing Director at CoinShares, framed the Railnet integration as a deliberate infrastructure decision. The protocol will handle deposit and redemption flows, net asset value management, and the compliance layer that institutional allocators demand before writing checks.
The strategy itself blends DeFi lending yields with conventional yields from tokenized real-world assets, plus basis arbitrage strategies, all within a single compliant fund structure. This positions CoinShares as the first regulated European asset manager to converge these three yield sources under one roof. The firm operates under AIFMD, MiFID, and MiCA licenses.
CoinShares views this new strategy as a third pillar alongside its existing crypto ETP business and active alternative investment strategies.
