CoinShares, a major player in the European crypto world, is making a big move. This digital asset manager, boasting roughly $10 billion in assets, is going public on the Nasdaq via a $1.2 billion merger. This means they’re trading their Stockholm base for Wall Street, aiming for global crypto domination.
From Europe to US Domination
Currently the fourth-largest digital asset ETP manager globally (behind giants like BlackRock), CoinShares already holds a massive 34% of the European market. Their growth has been explosive – assets under management have tripled in just two years, thanks to increased investment and a huge expansion of their product offerings (from just 4 in 2021 to 32 today).
A Smart Strategy
CEO Jean-Marie Mognetti sees this Nasdaq listing as more than just a relocation; it’s a key step to becoming a global leader. He points to the US as the center of crypto innovation, with growing institutional interest and clearer regulations creating a perfect environment for expansion. CoinShares has a strong track record, with impressive profit margins (76% adjusted EBITDA in the first half of 2025) and a diversified business model. They plan to bring their successful European strategy to the US, introducing a wider range of crypto products, including tokenized real-world assets.
What This Means for Crypto
The $1.2 billion deal, which includes a significant investment from institutional backers, is expected to close later this year (Q4 2025), pending approvals. The new combined company will be called Odysseus Holdings Limited. This move comes at a good time, with positive regulatory shifts in the US potentially paving the way for more crypto firms to follow suit. If successful, CoinShares’ Nasdaq debut could be a game-changer, not only for the company but for how European crypto companies expand globally.
