# CoinShares CoinShares is an Asset Manager based in Saint Helier, Jersey. ## Overview - **Organization type:** Asset Manager - **Headquarters:** Saint Helier, Jersey - **Region:** North America - **Address:** Saint Helier, Jersey - **Founded:** 2014 - **Assets under management:** Undisclosed - **Website:** coinshares.com - **LinkedIn:** https://www.linkedin.com/company/coinshares ## Regulatory record - **Reports private funds:** No ## About CoinShares launched in 2013 as Global Advisors, rebranding in 2017 under CEO Jean-Marie Mognetti and Chairman Daniel Masters, a former JPMorgan energy trader. The Jersey-domiciled firm structured Europe's first regulated Bitcoin tracker — CoinShares Physical Bitcoin (ticker: BITC) — and a companion Ether product, opening traditional brokerage rails to digital-asset exposure. Masters' background at JPMorgan and the oil trading desk at Shell shaped a posture that treats crypto as a macro asset class traded with institutional risk discipline, not retail exuberance. The firm operates across three primary verticals: Asset Management, Capital Markets, and Principal Investments. The Asset Management division runs the flagship Physical ETP franchise listed on Xetra, Euronext, and SIX Swiss Exchange, alongside index-linked products tracking baskets of proof-of-stake tokens. The Capital Markets desk provides systematic and discretionary liquidity to institutional counterparties in spot and derivatives markets. Principal Investments — the most direct-deal arm — deploys balance-sheet capital into seed rounds for decentralized finance protocols, staking infrastructure, and blockchain-native companies; confirmed portfolio names include Flowdesk, a Paris-based market-making platform for tokenized assets, and Komainu, a regulated digital-asset custodian established as a joint venture with Nomura and Ledger. CoinShares maintains trading and operational hubs in London, Stockholm, and New York, with its fund range passported across the European Union. CoinShares is listed on Nasdaq Stockholm under the ticker CS, making its financial disclosures a matter of public record. Quarterly filings detail management fees from the ETP suite, net trading revenue, and unrealized gains on the principal investment book, offering a rare transparent window into a crypto-native asset manager's income statement. In March 2024, the firm exercised its option to acquire Valkyrie Funds, a US-based ETF provider, securing SEC-approved Bitcoin spot ETF exposure and a permanent stateside distribution footprint — a structural bridge between the firm's European ETP heritage and the post-approval US ETF market. What distinguishes CoinShares is its status as a listed operating company in an industry composed almost entirely of private fund managers and privately held issuers. This subjects the firm to Swedish corporate governance, IFRS accounting, and continuous disclosure obligations. The result is a crypto asset manager whose AUM, fee margins, and compensation policies are legible in quarterly filings — an unusual combination of digital-asset exposure and public-market accountability. ## Sectors - Digital Assets - FinTech - Hedge Funds - Private Credit ## Offices - New York - Stamford - Bogota ## People - Jean-Marie Mognetti — Chief Executive Officer - Richard Nash — Chief Financial Officer - Lisa Avellini — Group General Counsel - Pierre Porthaux — Head of Quantitative Research & Development - Benoît Pellevoizin — Head of Marketing & Communications - Annabel Giles — Head of People ## Questions ### Who makes investment decisions at CoinShares? CoinShares is led by CEO Jean-Marie Mognetti, who joined in 2020 alongside executives from ETF Securities and WisdomTree. The management team includes CFO Richard Nash, Group General Counsel Lisa Avellini, and Head of Quantitative Research & Development Pierre Porthaux (per the firm's website). Product strategy is driven by the quantitative research team, while the Capital Markets desk manages treasury and trading operations. ### How does CoinShares source its crypto exposure? CoinShares issues physically backed ETPs, meaning it holds the underlying digital assets in institutional-grade custody with Komainu — the joint-venture custodian created with Nomura and Ledger in 2018 (per CoinShares). For staking products, the firm delegates staking to validators and passes rewards to investors. ### What investment stages does CoinShares target? CoinShares focuses on liquid digital asset investments, not venture or private equity stages. Its products provide exposure to cryptocurrencies through exchange-traded securities, with no direct investment in early-stage blockchain startups or private token rounds. ### Which sectors does CoinShares explicitly avoid? CoinShares does not disclose any explicit avoidance of specific sectors beyond digital assets. The firm's product range is entirely crypto-focused — it does not offer traditional equities, bonds, or commodities exposure, aside from a gold index. ### How is CoinShares related to Komainu? CoinShares co-founded Komainu in 2018 as a joint venture with Nomura and Ledger. Komainu acts as a regulated digital asset custodian, used by CoinShares for safekeeping the underlying assets of its ETPs. The entity operates independently and also serves external institutional clients (per CoinShares). ### What is CoinShares' known posture on co-investments alongside external GPs? CoinShares does not engage in co-investments alongside external general partners. Its business model is product-driven — issuing ETPs and managing strategies for retail and institutional investors via public exchanges and brokerage platforms. ## Related profiles - [Convergint Technologies LLC](https://altss.com/profile/convergint-technologies-llc) --- Last updated: 2026-07-09T01:11:14.495Z Canonical page: https://altss.com/profile/coinshares Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology