CoinShares Joins DeFi Alliance’s Europe Chapter as Founding Partner
Europe’s Largest Digital Asset Investment Firm Partners with Peers to Help Expand the Development of the DeFi Ecosystem in Europe
ST. HELIER, Jersey, April 21, 2021 -- ST. HELIER, Jersey, April 21, 2021 -- CoinShares (Nasdaq First North Growth Market: CS), Europe's largest digital asset investment firm, is excited to announce it is extending its relationship with the DeFi Alliance, a collective of industry participants helping advance DeFi, to launch a new chapter in Europe as a founding partner. Joined by members from leading European crypto companies including, Blockchain.com, Aave, Elwood Asset Management, and others, CoinShares will be supporting European DeFi startups with capital and liquidity, educating and onboarding new market participants, and collaborating with partners to build a robust DeFi ecosystem in Europe.
The DeFi ecosystem has seen exponential growth over the past year, with over $50 billion in total value deposited1 across various DeFi lending protocols, and DeFi tokens exceeding $100 billion in market cap.2 As Europe’s largest digital asset investment firm with $4.7bn in assets under management which is supported by trading systems and technology driving tens of billions of dollars in annual trading volumes, CoinShares is eager to be a key player in expanding the European DeFi ecosystem.
Meltem Demirors, CoinShares Chief Strategy Officer commented “On-chain capital markets and financial services are an important and growing part of the industry and a core component of our strategy at CoinShares. Along with our ongoing investments in the industry, we are exploring ways to incorporate DeFi related products and services into our offering as a global firm.”
CoinShares has been actively involved in the DeFi industry and the DeFi Alliance since early 2020 through its investment arm, CoinShares Ventures. Europe has been underrepresented in DeFi although representing an abundance of potential for capital, talent and users. Through its participation in the Alliance, CoinShares is eager to expand its investment portfolio, research coverage, capital markets infrastructure, and structured products to its European client base.
Over the last year, the DeFi Alliance has grown to over 100 members and has helped over 40 startups accelerate their growth. Last week, the DeFi Alliance launched DeFi Alliance China, another chapter with the goal to grow the local DeFi ecosystem in China.
About the CoinShares Group
CoinShares is Europe's largest digital asset investment house, managing billions of assets on behalf of a global client base. Our mission is to expand access to the digital asset ecosystem by pioneering new financial products and services that provide investors with trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under ticker CS.
For more information on CoinShares, visit: https://coinshares.com
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SOURCE CoinShares Group
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