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Crypto

CoinShares crypto asset manager to list on Nasdaq via SPAC merger

Crypto asset manager CoinShares will list on the Nasdaq through a merger with SPAC Vine Hill Capital, creating holding company CoinShares PLC. Shares will trade under the ticker CSHR. The deal was first announced in September and valued the company at about $1.2 billion including $50 million from institutional investors. Chief executive Jean-Marie Mognetti said U.S. listing is needed to grow in the U.S. market.

Crypto

Figure Technology unveils blockchain-based stock lending platform

Nasdaq-listed Figure Technology has launched a blockchain-based stock lending platform, Cointelegraph reported on Jan. 14. The company said its On-Chain Public Equity Network, or OPEN, supports companies in issuing and lending real shares directly on the blockchain. Figure CEO Mike Cagney said investors can lend shares or use them as collateral without brokers. The company expects improved settlement efficiency and greater transparency in ownership and lending activity.