Coinshares, one of the largest digital asset managers in Europe, goes to Wall Street. The company announced on Monday that it would go public in the United States thanks to a merger of $ 1.2 billion with Vine Hill Capital Investment Corp (Vcic)., a spac listed at the Nasdaq.
The agreement moves the list of Stockholm corners in New York, opening access to American capital and investor markets. The company manages around $ 10 billion in assets, including a series of 32 products negotiated in exchange for crypto (ETPs) covering bitcoin, ether, solana and other tokens. Coinshares ranks like the fourth global supplier of ETPs of digital assets, behind Blackrock, gray levels and loyalty, and holds a share of 34% of the European, Middle East and African market.
The chief executive officer, Jean-Marie Mognetti, said that this decision reflects a turning point for digital assets because the American regulations give more clarity. “The case of digital assets as an investment class has reached a decisive inflection point,” he said. “An American list will strengthen our credibility and expand our scope.”
For American investors, the transaction could signify better access to products related to the cryptography of a manager who has increased assets by more than 200% in the past two years. Coinshares reported a margin of Ebitda 76% adjusted to the first half of 2025, reporting a high profitability compared to peers.
The agreement, approved by the advice of the two companies, should end by the end of 2025 pending regulatory and shareholders approvals. If it is finished, Coinshares will exchange the Nasdaq as part of a new parent company, Ulysse Holdings Limited.
