21.co is unveiled as the parent company of 21Shares and Amun
ZURICH, September 7, 2022 /PRNewswire/ — 21.co, the global leader in providing access to crypto through simple, easy-to-use products, today announced a $25 million round led by Marshall Wace. This cycle values the company up to $2 billiondoing 21.co Switzerland the biggest crypto unicorn. With this round of funding, 21.co will continue to drive rapid, targeted growth through first-of-its-kind products, key market expansions, and strategic talent acquisitions. Other investors in the round include Collab+Currency, Quiet Ventures, ETFS Capital and Valor Equity Partners.
Along with the funding, the company also announced its new parent company, 21.co. 21.co is a group of companies, the largest of which is 21Sharesthe world’s largest issuer of cryptocurrency exchange-traded products (ETPs) – which is powered by Onyx, a proprietary technology platform used to issue and operate cryptocurrency ETPs for 21Shares and third parties – in addition to Has mya token provider aiming to make the DeFi world more accessible.
This round – raised during Crypto Winter – was the company’s first raise in more than two years, a testament to the company’s early success and growing investor demand for the asset class. To prove such investor demand, the company ended 2021 on a nine-digit revenue rate and saw sustained capital inflows, even during bear markets. Since the beginning of the year September 2021 at September 202221.co registered on $650 million net new assets, and reached its peak AUM at $3 billion in November 2021. To support this rapid business growth, 21.co has increased its workforce by 75% during this period.
Launched in 2018, by Ophelia Snyder and Hany Rashwan, 21.co was founded to build bridges in the world of crypto. Since then, 21.co has embarked on an amazing journey to stay at the forefront of the market by providing investors with the most innovative crypto exchange-traded products (ETPs), the broadest token solutions, a decentralized software platform for create, list and manage ETPs globally and more cutting-edge solutions – all powered by free, institutional-grade research to educate investors on industry developments.
“My co-founder, Ophelia, and I started out with a simple mission to make crypto more accessible,” said Hany Rashwan, CEO and co-founder of 21.co. “Now we are the most valued and important technology startup in Swiss – and we are still in the early days. 21.co remains committed to creating innovative products that meet investor demand as this asset class continues to gain momentum.”
“The success 21.co has had over the past four years is truly amazing,” said Ophelia Snyder, president and co-founder of 21.co. “We have built an incredibly diverse team, featuring some of the brightest minds in crypto and bringing in the best in class investors. just getting started.”
“At Marshall Wace, our culture is based on innovation – and we saw an immediate alignment of values when we met with the 21.co team. 21co is a forerunner in the crypto industry: the company is focused on growth and committed to bringing new and innovative products to investors in all markets – in a secure and accessible way,” said Amit Rajpal, Partner and CEO Asia at Marshall Wace. “Even in the midst of crypto winter, MW believes 21.co has the potential to revolutionize the industry on a global scale and we look forward to working alongside the team.”
“When I first met the 21.co team, I understood their long-term vision and truly believed the company would transform the crypto ecosystem,” said Cathy Wood, Founder, CEO and CIO of ARK Investment Management LLC, and Independent Board Member of 21.co. “This cycle is a testament to 21.co’s early success and ability to thrive in both bull and bear markets. I’m proud to be part of 21.co’s growth story.”
21.co’s increase follows a year of significant growth and product innovation. Specifically, 21Shares:
To learn more about the company, please visit www.21.co.
Arielle Sobelhead of global communication, [email protected]
Megan Enrightresponsible for the communication, [email protected]
21.co is the global leader in providing access to crypto with simple, easy-to-use products. 21.co is the parent company of 21Sharesthe world’s largest issuer of cryptocurrency exchange-traded products (ETPs) – which is powered by Onyx, a proprietary technology platform used to issue and operate cryptocurrency ETPs for 21Shares and third parties – in addition to Has my, a token provider aiming to make the DeFi world more accessible. The company was founded in 2018 by Hany Rashwan and Ophelia Snyder. 21.co is registered in Zug, Swiss with offices at Zürich and New York. For more information, please visit www.21.co.