21.coFunding of $25M was raised for a crypto product provider based in Zurich, Switzerland, called ‘Crypto Products.
The round, which values the business up to $2 billion, was led by Marshall Wace, with participation from Collab+Currency, Quiet Ventures, ETFS Capital and Valor Equity Partners.
The company plans on using the funds to fuel growth through new products, key market expansions, and strategic talent acquisitions.
Launched in 2018, by Ophelia Snyder and Hany Rashwan, 21.co is the parent company of 21Shares, a provider 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 Amun, a token provider focused on making the DeFi world more accessible.
21.co is registered in Zug, Switzerland with offices in Zurich and New York.
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