Core Viewpoint - CoinShares International Limited has announced a strategic partnership with Kiln to launch an innovative on-chain asset management strategy that integrates DeFi yields with tokenized real-world asset (RWA) yields, marking a significant advancement in the digital asset management space [2][3]. Group 1: Strategy Overview - The new strategy represents the third pillar of CoinShares' investment platform, complementing its existing crypto ETPs and active alternative strategies, and aims to enhance diversification and risk management [3]. - The strategy allocates across six distinct yield sources, including DeFi lending protocols, institutional secured lending, tokenized bond funds, and delta-neutral basis strategies, allowing for a comprehensive exposure to on-chain opportunities [4]. - The strategy is designed to be flexible, with portfolio composition adjustable based on market conditions and risk assessments [4]. Group 2: Regulatory Framework - CoinShares Asset Management is authorized under AIFMD and MiFID for financial instruments and under MiCA for crypto-assets, enabling it to operate across regulated securities and crypto-markets within a compliant framework [5]. - This dual authorization provides a structural advantage, allowing CoinShares to allocate across both traditional financial instruments and crypto-asset services, which many managers cannot do [6]. Group 3: Technological Infrastructure - The Railnet protocol serves as the foundational layer for the new strategy, providing a verifiable trust layer that enhances capital allocation and integrates diverse yield sources into a single auditable framework [2][10]. - Railnet standardizes the investment lifecycle, allowing asset managers to treat various yield sources as a single asset class, thus simplifying the complexity of on-chain finance [11]. - The partnership with Kiln enables CoinShares to access unique yield sources and manage risk effectively, positioning it as a leader in the digital asset investment space [8][10]. Group 4: Growth and Market Positioning - The launch of this strategy reinforces CoinShares' positioning across three distinct growth pillars, allowing it to capture opportunities in the evolving digital asset market [13]. - CoinShares aims to provide institutional-grade yield products to clients through partnerships with custodians, exchanges, and wallet providers, leveraging its regulatory credentials and expertise [12].

RT Kiln 🧱🔥 (@Kiln_finance)Railnet is being built alongside some of the biggest names in crypto including @ethena_labs, @SentoraHQ, @chainlink, @Dune, @OndoFinance, @safe & more as we prepare to bring @railnet_org live.If you are a protocol, asset manager, or platform working on onchain yield, reach out & build with us. ...