CoinShares increases its stake in FlowBank, the Swiss online bank targeting trading enthusiasts, facilitating increased digital asset exposure through its proprietary technology platform.
In the fall of 2021, FlowBank announced that its new shareholder, CoinShares International, acquired a stake of 9.02% in FlowB Holding which owns 100% of FlowBank. Under an agreement executed on 14 March 2022, and following the approval of the Swiss Financial Market Supervisory Authority, today CoinShares acquired a 20.28% stake in FlowBank.
CoinShares is a pioneer in the space of digital assets, enabling exposure to this new asset class for investors on traditional exchanges. The firm’s strategic investment in FlowBank brings together two trusted players in their respective markets and is a sign of industry transformation, which will benefit investors in Switzerland and beyond. Following the investment, Jean-Marie Mognetti, CEO of CoinShares, will join FlowBank’s board of directors.
“We are delighted that CoinShares continues to recognize and support FlowBank’s great potential and accomplishments and has decided to increase its stake in our bank. Today, FlowBank’s clients can invest in CoinShares’ crypto on CFDs and gain exposure to digital currencies in this way. This is only the beginning. We look forward to collaborating further with CoinShares in the coming months and taking our product offering to the next level, together,” comments Charles Henri Sabet, CEO, and founder of FlowBank.
“After remarkable financial results in 2021, we continue to build an ambitious plan to make CoinShares an essential and leading player in the digital asset space. We are very excited to increase our participation in FlowBank, a key innovative player in Switzerland powered by a unique technology, and allow them to leverage our technology and digital asset expertise. This is aligned with our strategic plan to make CoinShares an integrated digital asset fintech company,” says Jean-Marie Mognetti.
FlowBank was founded by Charles Henri Sabet in 2020 and is licensed by the Swiss Financial Market Supervisory Authority (FINMA). FlowBank’s mission is to make investing more accessible for everyone by combining the highly developed technology of a fintech business with the security of a Swiss bank. It does so through intuitively-designed trading platforms, educational trading courses led by seasoned experts, and by offering highly competitive pricing across asset classes.
Today more than 50,000 financial products including stocks, ETFs, bonds, options, Forex, CFDs, and more are available to trade with FlowBank, allowing both private and institutional clients to invest in a wide range of asset classes on its platforms: FlowBank app and FlowBank Pro as well as the MT4 platform.
CoinShares is Europe's largest and longest-standing digital asset investment firm, managing billions of dollars of assets on behalf of its client base. It is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class. CoinShares is publicly listed on the Nasdaq First North Growth Market under the ticker CS and the OTCQX under the ticker CNSRF.
FlowBank SA Caroline Puder, Chief Marketing Officer
Esplanade de Pont-Rouge 6
1211 Geneva 26
+41 22 888 60 00
CoinShares International LimitedJay Morakis, Investor Relations
2 Hill Street
JE2 4UA St Helier – Jersey