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TheBlock
2019-11-26 23:42:34

Crypto asset manager CoinShares snags broker-dealer license, a move experts say is to strengthen its US presence

Quick TakeCrypto asset manager CoinShares has obtained a broker-dealer license from FINRAThe asset manager appears to have acquired the license through acquisition, an industry insider told The BlockSources said this move will likely enable the asset manager to offer security tokens or crypto investment products to U.S. investorsThe firm currently issues eight cryptocurrency exchange-traded products (ETPs) in Europe. In 2018, it was ordered by the SEC to suspend the trading of two of them in the U.S.