CoinShares’ Acquisition of Global Blockchain Equity Index

DLA Piper has advised CoinShares International Limited on the deal.

CoinShares International Limited, Europe’s largest digital asset investment firm, executed its acquisition of the ETF index business, Global Blockchain Equity Index, from Elwood Technologies.

The acquisition represents an expansion of CoinShares’ footprint into the equities market. Through the Global Blockchain Index, Elwood partnered with Invesco to launch the Invesco Elwood Global Blockchain Equity UCITS ETF (the “Invesco Blockchain ETF”), which provides exposure to internationally listed companies generating earnings from blockchain technology. The Invesco Blockchain ETF has amassed over USD1 billion in assets since its inception in 2019 and, in addition, Elwood has built a best-in-class equity research team focused on companies in the digital assets space. The equity research unit will join CoinShares and benefit from the scale that it provides. 

The DLA Piper team was led by Luca Gori (picture; partner) and Grace Hunt (senior associate), supported by trainee solicitor Jonathan Lin.

Involved fees earner: Luca Gori – DLA Piper; Grace Hunt – DLA Piper;

Law Firms: DLA Piper;

Clients: CoinShares;

Author: Federica Tiefenthaler