21.co, the new parent firm of exchange-traded products (ETP) provider 21Shares, has become “Switzerland's largest crypto unicorn,“ the firm announced on Tuesday.
It raised $25 million in a funding round led by London-based hedge fund Marshall Wace. The new funding brings the firm's valuation to $2 billion.
21.co is designed to unite 21Shares with third-party token provider Amun and other upcoming crypto projects aiming to build bridges into the crypto world, 21.co founder Hany Rashwan told Cointelegraph.
All crypto ETP products launched by 21Shares will maintain the same nomenclature, Rashwan said. He also said that the new name won’t change much about the way 21Shares does business.
According to Rashwan, the newly raised funds will help 21.co to continue expanding its business globally. The firm is specifically focused on gaining more traction in 21.co’s core markets in Europe and prepares to begin its entrance into the Middle East, the CEO noted.
Rashwan also pointed out that...
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