CoinShares to List on Nasdaq, Acquires Bastion Asset Management
CoinShares, Europe's leading crypto and blockchain investment firm, has announced a significant expansion. The company aims to become a globally recognised entity and has entered into a business combination agreement with Vine Hill Capital Investment Corp. for a Nasdaq listing in the U.S. This move is set to strengthen CoinShares' position in the market.
CoinShares, currently holding a 34% market share in Europe, seeks to broaden its actively managed offerings. To achieve this, the company is acquiring Bastion Asset Management, a well-known financial services provider, particularly in alternative investments. Upon completion, Bastion will be fully integrated into CoinShares, with its Chief Investment Officer, Fred Desobry, and CEO, Philip Scott, joining the CoinShares team. This acquisition is subject to UK FCA regulatory approval.
The acquisition of Bastion Asset Management by CoinShares is a strategic move that aims to expand the company's global reach and strengthen its actively managed offerings. Upon completion, this deal will see Bastion fully integrated into CoinShares, with key personnel from Bastion joining the CoinShares team. This expansion is subject to UK FCA regulatory approval.
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