Sept 6 (Reuters) - Crypto investment product firm 21.co, the parent of 21Shares, said on Tuesday it had raised $25 million in a funding round led by Marshall Wace that valued the company at $2 billion.
"With this round of financing, 21.co will continue to drive rapid, targeted growth through first-of-their-kind products, key market expansions and strategic talent acquisitions," 21.co said in a statement.
The post-money valuation makes 21.co "Switzerland's largest crypto unicorn," the company said.
The funding round comes as cryptocurrencies have fallen dramatically so far this year on Federal Reserve rate hikes and ultra-high inflation prompt investors to ditch riskier assets.
Collab+Currency, Quiet Ventures, ETFS Capital and Valor Equity Partners also invested in the funding round.
The company announced on Tuesday the newly-formed parent 21.co. Its largest subsidiary, 21Shares, is the world's largest issuer of cryptocurrency exchange-traded products (ETPs) using its proprietary...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...