It is brute force method parsing of the file though there may be other easy way of parsing the file. You may try this and modify to your requirement. Array used are dimmed as (1 to 100) for quick test, but you may use Redim to make efficient use of it. I made Output format something different to my choice, may also modify it to your choice.
Obviously the code would work correctly only if every starting curly brace have corresponding closing curly brace and nested correctly.
Code:
Option Explicit
Sub ParseConfigFile()
Dim Fno As Integer, Xstr As String, Fname As String
Dim lvl As Integer, i As Integer, x As Integer, y As Integer, Rw As Integer
Dim Ws As Worksheet, Xchr As String
Set Ws = ThisWorkbook.ActiveSheet
Fno = FreeFile
Fname = "C:\Users\user\Desktop\ConfigSample.txt"
Open Fname For Input As #Fno
Xstr = Input(LOF(Fno), Fno)
Close #Fno
Xstr = Replace(Xstr, vbCrLf, "")
Xstr = Replace(Xstr, "/", "|")
Dim Snest(1 To 100, 1 To 100) As Variant, Enest(1 To 100, 1 To 100) As Variant
Dim path(1 To 100) As Variant
For x = 1 To 100
For y = 1 To 100
Snest(x, y) = 0
Enest(x, y) = 0
Next
Next
lvl = 1
path(lvl) = 1
Snest(path(lvl), 1) = 1
Rw = 1
For x = 1 To Len(Xstr)
Xchr = Mid(Xstr, x, 1)
If Xchr = "{" Then
'Debug.Print "{", x, lvl, path(lvl)
Enest(path(lvl), lvl) = x - 1
'rw = rw + 1
'For i = 1 To lvl
'Ws.Cells(rw, i).Value = Trim(Mid(Xstr, Snest(path(i), i), Enest(path(i), i) - Snest(path(i), i) + 1))
'Next
lvl = lvl + 1
path(lvl) = path(lvl) + 1
Snest(path(lvl), lvl) = x + 1
End If
If Xchr = "}" Then
'Debug.Print x, lvl, path(lvl)
Enest(path(lvl), lvl) = x - 1
Rw = Rw + 1
For i = 1 To lvl
Ws.Cells(Rw, i).Value = Trim(Mid(Xstr, Snest(path(i), i), Enest(path(i), i) - Snest(path(i), i) + 1))
Next
lvl = lvl - 1
path(lvl) = path(lvl) + 1
Snest(path(lvl), lvl) = x + 1
End If
Next
End Sub
The output from the sample file created by copying sample text 4 times is as follows

Further simplifying for getting pure tree structure on excel cells
Option Explicit
Sub ParseConfigSimple()
Dim Fno As Integer, Xstr As String, Fname As String
Dim lvl As Integer, i As Integer, x As Integer, y As Integer, Rw As Integer
Dim Ws As Worksheet, Xchr As String
Set Ws = ThisWorkbook.ActiveSheet
Fno = FreeFile
Fname = "C:\Users\user\Desktop\ConfigSample.txt"
Open Fname For Input As #Fno
Xstr = Input(LOF(Fno), Fno)
Close #Fno
Xstr = Replace(Xstr, vbCrLf, "")
Xstr = Replace(Xstr, "/", "|")
Dim Spos As Long, Epos As Long, Plen As Long
Dim path(1 To 100) As Variant
lvl = 1
Spos = 1
Rw = 1
'Make heading
For x = 1 To 50
Ws.Cells(Rw, x).Value = "Level " & x
Next
'Parse each item in nested level
For x = 1 To Len(Xstr)
Xchr = Mid(Xstr, x, 1)
If Xchr = "{" Or Xchr = "}" Then
Epos = x - 1
Plen = Epos - Spos + 1
path(lvl) = Trim(Mid(Xstr, Spos, Plen))
If Len(path(lvl)) > 1 Then
Rw = Rw + 1
Ws.Cells(Rw, lvl).Value = path(lvl)
End If
Spos = x + 1
Epos = x - 1
If Xchr = "{" Then
lvl = lvl + 1
Else
lvl = lvl - 1
End If
End If
Next
End Sub
The output will be like
