CoinShares, the European digital asset manager with roughly $10 billion under management, said Wednesday it will acquire Financial Conduct Authority-regulated Bastion Asset Management.

The financial details of the deal, which is subject to UK regulatory approval, were not disclosed in press materials. The move is intended to deepen CoinShares’ capabilities in actively managed crypto strategies and support its U.S. expansion.

London-based Bastion specializes in systematic investment strategies for digital assets. The firm has focused on market neutral and quantitative approaches aimed at institutional clients. Under the agreement, Bastion’s team, including CEO Philip Scott and CIO Fred Desobry, will join CoinShares.

CoinShares is best known for its exchange-traded products, which give in

See Full Page