Digital asset firm CoinShares will trade on the Nasdaq today following a SPAC deal with Vine Hill Capital under the ticker symbol CSHR.
CoinShares claims the title of Europe’s largest digital asset manager. CoinShares ranks among the top four digital asset managers globally alongside BlackRock, Fidelity, and Grayscale, with over $6 billion in assets under management.
The deal was valued at around $1.2 billion.
CoinShares pursued a listing in the US as it is home to the most institutional capital. The company also mentioned the potential for analyst coverage and the fast-evolving regulatory ecosystem, which will shape the global digital asset environment.
Jean-Marie Mognetti, co-founder, president, and CEO of CoinShares, commented:
“Today, CoinShares begins a new chapter. After more than a decade of building institutional-grade digital asset infrastructure in Europe, we are bringing that expertise to the world’s largest capital market.”
CoinShares is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US.
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