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Crypto Financial Product Provider 21.co Raises US$25M at Unicorn Valuation

Summary:
Crypto solutions provider 21.co has raised a US million round led by Marshall Wace at a US billion valuation, making it Switzerland’s largest crypto unicorn. The round, which included investors, such as Collab+Currency, Quiet Ventures, ETFS Capital and Valor Equity Partners was the company’s first raise in over two years. 21.co is a collection of companies, the largest of which is cryptocurrency exchange-traded products (ETPs) issuer 21Shares. The platform is powered by Onyx, a proprietary technology platform used to issue and operate cryptocurrency ETPs for 21Shares and third parties such as token provider Amun. The company claims that it has recorded over US0 million in net new assets year-to-date from September 2021 to September 2022, and that it hit

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Crypto solutions provider 21.co has raised a US$25 million round led by Marshall Wace at a US$2 billion valuation, making it Switzerland’s largest crypto unicorn.

The round, which included investors, such as Collab+Currency, Quiet Ventures, ETFS Capital and Valor Equity Partners was the company’s first raise in over two years.

21.co is a collection of companies, the largest of which is cryptocurrency exchange-traded products (ETPs) issuer 21Shares. The platform is powered by Onyx, a proprietary technology platform used to issue and operate cryptocurrency ETPs for 21Shares and third parties such as token provider Amun.

Crypto Financial Product Provider 21.co Raises US$25M at Unicorn Valuation

The company claims that it has recorded over US$650 million in net new assets year-to-date from September 2021 to September 2022, and that it hit its peak AUM at US$3 billion in November 2021.

“My co-founder, Ophelia, and I set out with a simple mission to make crypto more accessible. Now, we’re (one) the highest valued and largest tech startup in Switzerland – and we’re still only in the early days,”

explained Hany Rashwan, CEO and Co-Founder at 21.co.

Crypto Financial Product Provider 21.co Raises US$25M at Unicorn Valuation

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