CoinShares International Limited today announced it has agreed to acquire the French FinTech firm Napoleon Crypto SAS and its subsidiaries.

CoinShares has entered into a sale and purchase agreement (SPA) to acquire the entire issued share capital in Napoleon Crypto SAS for €13,930,427.43. The transaction will settle via a combination of cash and a partial equity swap, with the issuance of 363,636 new ordinary shares at a price of €10.8 per share and is expected to complete in the second week of December upon admission of the Consideration Shares to trading. The SPA contains customary vendor and purchaser representations and covenants.

CoinShares will own the intellectual property and existing contracts relating to the business.

Napoleon and its employees will become part of the CoinShares family of companies, leveraging CoinShares’ technology, market infrastructure, and market presence to further accelerate platform growth with a strong focus on self-directed investors.

Napoleon enables self-directed investors to expand their crypto investing experience by offering a suite of pre-built portfolios and strategies that cater to different investment objectives. The platform is seamlessly integrated with crypto exchanges like Binance, Bitfinex, Bitmex, FTX and Bitstamp, and is non-custodial, meaning users retain complete control over their funds while deploying algorithmic strategies and allocation models.

Since its inception in 2017, Napoleon has established a strong foothold among the French investment community and has been looking to expand globally its consumer platform.

Napoleon Group GM JC Dudek commented:

“Napoleon Group is proud to have built one of Europe’s most active crypto trader communities. This transaction will enable us to focus on accelerating our platform growth and client acquisition. We are very excited to join CoinShares and their broader ecosystem of partners to keep scaling.”

CoinShares’ acquisition of Napoleon is part of the Group’s growth strategy to continue expanding its in-house technology and platforms to reach new markets with new products that will help bridge the gap between traditional and decentralized finance while recognizing a deep change in investor preferences.