Parent company 21Shares raises $25 million at $2 billion valuation
- September 6, 2022
- 0
21.co, the parent company of the cryptocurrency provider ETP 21Shares has raised $25 million in a funding round led by hedge fund Marshall Wace. It is reported by
21.co, the parent company of the cryptocurrency provider ETP 21Shares has raised $25 million in a funding round led by hedge fund Marshall Wace. It is reported by Reuters.
Funding was also provided by Collab+Currency, Quiet Ventures, ETFS Capital and Valor Equity Partners.
The company’s valuation has reached $2 billion, making it “the largest cryptocurrency unicorn in Switzerland,” according to the firm.
“With this round of funding, 21.co will continue to drive rapid and focused growth through first-of-its-kind launches, expansion of key markets and strategic talent acquisition,” 21.co said in a statement. Said.
In early 2021, the cryptocurrency product provider announced that the assets under its management had risen in value to $1 billion.
Recall that in May 2022, 21Shares and asset manager ARK Invest filed a new joint application to launch an exchange-traded fund based on the first cryptocurrency.
Previously, the provider received an ETP listing based on Bitcoin and Ethereum on the Swiss exchange BX Swiss, as well as FTX Token and Decentraland.
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