Coinshares, one of the largest digital asset administrators in Europe, goes to Wall Street. The company announced on Monday that it will be public in the United States through a fusion of $ 1.2 billion with Vine Hill Capital Investment Corp (VCIC)., A SPAC mentioned by Nasdaq.
The agreement changes from the list of Coinshares from Stockholm to New York, opening access to the capital and investor markets of the United States. UU. The firm administers around $ 10 billion in assets, including a suite of 32 credit products with Crypto Exchange (ETP) covering bitcoin, ether, solana and other chips. Coinshares is located as the fourth largest Global ETP supplier of digital assets, behind Blackrock, Grayscale and Fidelity, and has a 34% participation in the European market, the Middle East and Africa.
Executive President Jean-Marie Mognetti said the measure reflects a turning point for digital assets, since US regulation provides more clarity. “The case of digital assets as an investment class has reached a decisive turning point,” he said. “A list of the United States will reinforce our credibility and expand our reach.”
For US investors, the transaction could mean greater access to products linked to cryptography of a manager who has grown up more than 200% in the last two years. Coinshares reported an adjusted Ebitda margin of 76% in the first half of 2025, indicating strong profitability compared to colleagues.
The agreement is expected to be approved by the meetings of both companies, close at the end of 2025 waiting for regulatory and shareholders approvals. If completed, Coinshares will be negotiated in Nasdaq under a new parent company, Odysseus Holdings Limited.
