21.co, a leading global company providing access to crypto through intuitive and simple products, is worth $2 billion after a $25 million investment round led by Marshall Weiss, becoming Switzerland’s largest crypto It has become a unicorn, Coin Journal learned. press release.
ETFS Capital, Quiet Ventures, Collab+Currency, and Valor Equity Partners were other investors in the round.
New parent company announced
Apart from the funding round, 21.co also announced a new parent company. It is a collection of companies, the largest of which is 21Shares, the world’s largest issuer of crypto exchange-traded products (ETPs).
21Shares is powered by Onyx, a proprietary technology platform used to issue and manage cryptocurrency ETPs.
First salary increase in over 2 years
The $25 million round is the first in over two years, and is a testament to the growing investor demand for digital assets and the company’s early success.
21.co CEO and co-founder Hany Rashwan said:
Despite being young, we are Switzerland’s largest and most valuable tech startup. As this asset class continues to gain rapid momentum, we maintain our commitment to developing innovative products to meet investor demand.
Co-Founder and President Ophelia Snyder added:
21.co has had some really great success over the last four years. Our amazingly diverse team boasts some of the brightest minds in the industry and attracts major investors.
Marshall Wace Asia CEO and Partner Amit Rajpal commented:
Marshall Weiss believes 21.co can revolutionize the global industry despite grappling with a tough bear market. I look forward to working with their team.
Cathy Wood, CEO and CIO of Ark Investment Management and director of Swiss cryptocurrency unicorn, said:
This investment round is a testament to 21.co’s early success and ability to survive a bear market. Proud to be a part of 21.co’s growth story.
About 21.co
21.co was founded in 2018 by Ophelia Snyder and Hany Rashwan to build a bridge to the world of cryptocurrencies and digital assets.
Staying at the forefront of the market by providing investors with the best token solutions, cutting-edge exchange-traded products (ETPs), a decentralized software platform to build, launch and manage ETPs globally, and more I am continuing on my way to stay.