Crypto asset manager CoinShares snags broker-dealer license, a move experts say is to strengthen its US presence
November 26, 2019, 6:42PM EST · 2 min read
- Crypto asset manager CoinShares has obtained a broker-dealer license from FINRA
- The asset manager appears to have acquired the license through acquisition, an industry insider told The Block
- Sources said this move will likely enable the asset manager to offer security tokens or crypto investment products to U.S. investors
- The firm currently issues eight cryptocurrency exchange-traded products (ETPs) in Europe. In 2018, it was ordered by the SEC to suspend the trading of two of them in the U.S.
CoinShares Capital, an entity that appears to be owned by European asset-manager CoinShares, is now a registered broker under the Financial Industry Regulatory Authority (FINRA). The FINRA website shows that the New York-based firm recently underwent a name change from Group Capital to CoinShares Capital, and the broker-dealer is now registered under CoinShares’ Chief Strategy […]
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