CoinShares has introduced a UCITS platform as part of a strategic expansion into Europe’s regulated investment fund industry. The move also extends its business beyond crypto exchange-traded products into traditional fund structures.
According to the company’s Tuesday statement, the platform enhances its asset management capabilities by adding another scalable product engine that supports regulated investment funds alongside its existing ETP, alternative investment and on-chain asset management businesses.
“This is not simply the launch of another investment product. It marks our entry into the UCITS market with a platform that allows us to develop and launch regulated investment funds under one of the world’s most widely recognized fund frameworks,” Jean-Marie Mognetti, CoinShares’ co-founder and chief executive, stated.
The launch opens the access to institutional investors whose mandates generally favor UCITS-compliant funds over debt-based crypto ETPs.
The company said pension funds, insurance platforms and private banks have historically faced restrictions on holding crypto ETPs even when they are physically backed. By introducing a UCITS structure, it said those investors can now access its investment strategies through a format already accepted under their mandates.
