Coinshares tries to achieve more investors by increasing the share of flow bank

Coinshares tries to achieve more investors by increasing the share of flow bank

Coinshares increased his participation in the Swiss Bank Flowbank because Europe's largest investment company for digital assets tries to reach a broader investor market that is looking for more advanced crypto engagement.

After buying a 9 % participation of 9 % in Flowbank in October, the company acquired almost 21 % more at the bank for around $ 26 million, as Coinhares announced on Monday.

The company based in Jersey has no plans to further increase its share, said a spokesman.

Flowbank was founded in 2020 and is licensed by the Federal Financial Market Authority (FINMA). It enables private and institutional investors to act 50,000 financial products - such as stocks, ETFs, bonds, options and differential contracts (CFDS).

Today, Flowbank customers can invest in the cryptocurrency of Coinshares today.

Flowbank offers 29 crypto pairs against US dollars, euros and Swiss francs as well as crypto ETPs, said a flow bank spokesman. In the third quarter it will offer customers direct access to crypto.

"We have witnessed the growth of the crypto industry in recent years and the high demand," said the representative in an email. "As a bank who wants to be at the top of your generation, we believe in the potential of this investment class for our customers."

Flowbank is already using Galata - a technology platform developed by Coinshares that connects centralized financial platforms with protocols and markets for digital assets - to offer their customers access to digital assets.

"In the coming months, Flowbank will be able to use, stain and lend more advanced functions ... and thanks to Galata, and thanks to Galata, there will be access to a variety of digital assets," said a spokesman for Coinshares towards Blockworks.

Coinshares accumulated more than $ 4 billion in managed assets at the end of 2021, the company reported in the past month-about twice as much as a year earlier.

its physically secured crypto ETPs (stock market-traded products), which are available on stock exchanges such as Euronext, Börse Xetra and Six Swiss Exchange, are already a favorite of demanding and accredited investors in Western Europe, said the speaker.

"Due to the partnership with Flowbank, we aim to do a different kind of investors and address trading enthusiasts," added the representative.

Jean-Marie Mogetti, CEO of Coinshares, will join the Board of Directors from Flowbank to lead the strategy for digital assets and international development.

executives of CoinShares said block works in December that institutional investors continue to consider products that concentrate on Bitcoin and Ether, but the self -directed customers are increasingly interested in alternative coins.

The company has brought physically covered crypto ETPs on the market with a focus on Cardano, Tezos and Polkadot, which are designed to share staking rewards with investors.

Coinshares entered into a partnership with Scalable Capital in December, so that the digital asset manager and broker based in Germany can also offer its customers in addition to shares and ETFs.

At about the same time, the French crypto company Napoleon, which provides commercial and basket, acquired it to support the establishment of a better medium to long-term risk-cleaned performance.

"There's even more," said Coinshares spokesman. "Simply put, our integrated strategy is in progress."

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The contribution Coinshares Seeks to Reach More Investors by Upping Stake in Flowbank is not a financial advice.