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This is a drastic event for the crypto ecosystem. What has happened over the last few days shows how essential it is for the industry to embrace transparency and quality regulation in order to restore trust to all participants, investors and newcomers in crypto.
Since our inception we have always placed the original values of crypto at our centre: trust and transparency. It is through these values that we have always set in motion our strategy, which is demonstrated by a number of strategic initiatives:
- The creation of Komainu in partnership with Nomura and Ledger to build a state of art, arm’s length custody solution for us and our clients;
- The implementation of TrustExplorer with Armanino back in 2018, to provide real-time accounting reports and proof of reserves for clients;
- The transformation of our company into a publicly listed one that is regulated in several jurisdictions;
- The total management fee holiday (0%) on our staked coins ETPs and the distribution of a large part of the staking rewards back to our clients.
At CoinShares, we have always promoted balanced regulation of the sector because it is essential for innovation, the deployment of capital, but most importantly, for consumer protection. This is why we take regulation and compliance so seriously and this is at the core of what we do. We are regulated in Jersey, where we are headquartered; in the US, where we have a FINRA broker-dealer licence; in France and the EU through our Alternative Investment Fund Management licence; a joint-venture in Switzerland via FINMA; in Sweden and the EU, where our main ETPs are listed and traded and where CoinShares are listed, and in the UK where we are an FCA Appointed Representative of Strata Global.
Finally, if we are the leading provider of crypto ETPs in Europe, it is because we believe that this form of financial instrument helps provide transparency, liquidity, and standardisation and is a fabulous tool to facilitate investment in digital assets. Crypto ETPs add new dimensions to the crypto industry, including institutional class custody solutions for all investors, easier trading incorporated into standard brokerage and account maintenance procedures, coupled with liquid and transparent trading.
