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CoinShares announces strategic investment in Swiss-based online bank, FlowBank

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October 7, 2021 | SAINT HELIER, Jersey | CoinShares International Limited, (Nasdaq First North Growth Market: CS) ("CoinShares" or the "Group" or the “Company”) is pleased to announce a strategic investment of USD 11,845,790 in FlowBank, an online bank headquartered in Geneva, Switzerland.

Following the investment, CoinShares holds 110,000 shares in FlowBank, representing 9.02% of its enlarged share capital.

About FlowBank
Founded by Charles-Henri Sabet in 2020, licensed by the Swiss Financial Market Supervisory Authority (“FINMA”) and a member of esisuisse, FlowBank aspires to make investing accessible to everyone. It does so through intuitively-designed investing platforms, educational trading courses led by seasoned experts, and by offering highly competitive pricing.

Today more than 50,000 financial products including stocks, bonds, commodities, ETFs, Forex, CFDs, and more are available to FlowBank’s clients, allowing both private and institutional clients to invest in a wide range of asset classes on its FlowBank and FlowBank Pro platforms. Additionally, with FlowBank’s planned launch of MetaTrader 4 (“MT4”), customers will be able to further enhance their Forex trading experience.

Strategic Investment
FlowBank’s mission starts within Switzerland’s borders, but the business has international ambitions. FlowBank's association with CoinShares, Europe’s largest and longest standing digital asset firm, further solidifies FlowBank’s mission to create a seamless and innovative banking and investment journey for its customers, whilst keeping the very best of Swiss banking’s heritage.

While FlowBank’s customers can already invest in a variety of products, including CoinShares’ crypto ETPs, it is hoped that its offering can be enhanced with the assistance of CoinShares’ technology stack. From the beginning of next year, it is planned that customers will be able to directly buy, HODL, and sell cryptocurrencies, as well as other tokenized assets, directly from their FlowBank account.

Charles-Henri Sabet, FlowBank’s founder and CEO, commented:
“One year after its successful launch and rapid growth, FlowBank is excited to announce that CoinShares, a pioneer in digital asset investing listed on the Nasdaq First North Growth Market, has become a new strategic investor. This further reinforces FlowBank’s commitment to go beyond the frontiers of traditional investment by providing its customers easy-to-use and trusted gateways to traditional and decentralised finance.

Additionally, this comes at an exciting point in FlowBank’s journey as we are inaugurating a new office in Zurich. The expansion into the country’s main financial hub underlines FlowBank’s deeply-rooted commitment to Switzerland, opening an office in the heart of Zurich’s financial district. With our new location at Löwenplatz, we will now be able to extend our outreach and better connect with our growing user base across all Swiss Cantons".

Jean-Marie Mognetti, CoinShares Co-Founder and CEO, added:
“CoinShares’ technology stack has been the backbone of our success since 2015. To date, this infrastructure layer has powered our internal commercial developments. Offering FlowBank our expertise and the capacity to start building on our technology stack is a testimony to our state-of-the-art infrastructure. FlowBank’s and our vision for the banking and investing industries are aligned and will serve as fertile soil for a fruitful partnership. It is our pleasure to become a strategic shareholder alongside Charles-Henri Sabet and his team in order to help them achieve their growth ambitions.”

About CoinShares

CoinShares is Europe's largest and longest standing digital asset investment firm, managing billions of dollars of assets on behalf of its client base. The Group 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 ticker CS.

For more information on CoinShares, please visit: https://coinshares.com

Company | +44 (0)1534 513 100 | enquiries@coinshares.com

Investor Relations – Jay Morakis | +1 646 859 5951 | enquiries@coinshares.com

Certified Advisor – Mangold Fondkommission AB | +46 (0)8 503 015 50 | ca@mangold.se

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 7:00am BST on October 7, 2021.

Forward looking statements
The report contains certain forward-looking statements and opinions. Forward looking statements are statements that do not relate to historical facts and events, and such statements and opinions pertaining to the future that, for example, contain wordings such as "believes", "estimates", "anticipates", "expects", "assumes", "forecasts", "intends", "could", "will", "should", "would", "according to estimates”, “is of the opinion", "may", "plans”, "potential", "predicts", "projects", "to the knowledge of” or similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements and opinions in the report concerning future financial returns, plans and expectations with respect to the business and management of the Company, future growth and profitability, and the general economic and regulatory environment, and other matters affecting the Company.

Forward-looking statements are based on current estimates and assumptions made according to the best of the Company's knowledge. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results, including the Company's cash flow, financial position, and operating profit, to differ from the information presented in such statements, to fail to meet expectations expressly or implicitly assumed or described in those statements or to turn out to be less favourable than the results expressly or implicitly assumed or described in those statements. Accordingly, prospective investors should not place undue reliance on the forward-looking statements contained herein and are strongly advised to read the entire report. The Company cannot give any assurance regarding the future accuracy of the opinions set forth herein or as to the actual occurrence of any predicted developments.

In light of the risks, uncertainties and assumptions associated with forward-looking statements, it is possible that the future events mentioned in the report may not occur. Moreover, the forward-looking estimates and forecasts derived from third party studies referred to in the report may prove to be inaccurate. Actual results, performance or events may differ materially from those presented in such statements due to, without limitation, changes in general economic conditions, in particular economic conditions in the markets in which the Company operates, changes affecting interest rate levels, changes affecting currency exchange rate, changes in levels of competition and changes in laws and regulations.