CoinShares has introduced the UCITS platform as part of its strategic expansion into the European regulated investment fund industry. The move also expands the business beyond products traded on crypto exchanges into traditional fund structures.
The platform will enhance its asset management capabilities by adding another scalable product engine to support regulated investment funds alongside its existing ETP, alternative investments and on-chain asset management businesses, according to the company’s Tuesday statement.
“This is not just 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 most widely recognized fund frameworks in the world,” said Jean-Marie Mognetti, co-founder and CEO of CoinShares.
The launch will open access to institutional investors who typically prefer UCITS-compliant funds over debt-based crypto ETPs.
The company said pension funds, insurance platforms and private banks have historically faced restrictions on holding cryptocurrencies, ETPs, even when they have physical backing. By introducing the UCITS structure, these investors can now access its investment strategies through formats already accepted under its mandate, the company said.
“This platform expands the range of investors we can serve, generates an additional source of recurring management fee income, and gives us a repeatable framework from which to launch future investment strategies,” Mognetti added.
The CoinShares Bitcoin Mining UCITS ETF is the first fund to be launched under the platform and began trading on Deutsche Börse Xetra on Tuesday.
CoinShares said the platform’s regulatory approval from the Central Bank of Ireland provides an approved structure that can be reused for future funds, reducing startup costs and streamlining the product development process. The company plans to gradually introduce additional digital assets and thematic UCITS strategies using the same framework.
