Crypto winter is a harsh reality not for everyone. 21.co, the parent company of Swiss cryptocurrency ETP provider 21Shares, announces the closing of a $25 million funding round, bringing its valuation to $2 billion.
21Shares, through 21.co, is valued at $2 billion.
21.co, a newly listed company of one of the largest issuers of crypto exchange-traded products (ETPs) 21Shares and the technology platform Onyx that was used to issue them, has raised $25 million in a funding round led by Marshall Weiss, potentially boosting its valuation to $2. billion. Valor Equity Partners, Quiet Ventures, Collab+Currency and ETFS Capital also contributed, according to Reuters.
With this funding round, 21.co will continue to drive rapid, focused growth through first-of-its-kind products, key market expansion, and strategic talent acquisition.
21.co in a press release
Founded in 2018, the investment company is currently one of the largest issuers of cryptocurrency exchange-traded products (ETPs) in the world. It must be said that he spared no effort to diversify his offer, even if it means innovation in his offerings.
Leading manufacturer of cryptocurrency stock products
Thus, in April last year, he was the first to launch a product that combines gold and bitcoin. A bold proposal that follows many others. A Swiss fintech pioneer of crypto-trackers who has invested not only in European stock markets, Frankfurt, Vienna, Paris, Zurich… but also most recently in the US market with two index funds that track the value of the largest cryptocurrencies by capitalization. . He also expanded his activities in the Middle East.
In fact, today the company has 37 ETPs in its portfolio, ranging from bitcoin and ether to various altcoins (Tezos, Ripple, Avax, Decentraland, SandBox…), including products backed by a basket of several cryptocurrencies. 21Shares has also partnered with investment fund Kathy Wood in hopes of getting a listing of a spot bitcoin exchange-traded fund (ETF) in the United States.
Despite the crypto winter, when the cryptocurrency market has lost more than $2 trillion in capitalization since the peak in November last year, 21.co confirms its good shape. Having ended 2021 “at a nine-figure rate of return,” she says, she says she continues to record “steady capital inflows.”
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