Latest Cryptocurrency News Updated By https://www.commodityscanner.com. For Extra Info Call Us:-9045770547,9068270477
Switzerland’s Largest Crypto Unicorn Raises $25m In Funding Round.
The newly created 21.co, the new parent company of Zug-based 21Shares, has raised $25 million in a funding round led by London-based hedge Marshall Wace, that valued the company at $2 billion, reported Reuters.
The company commented on the news Twitter (NYSE:TWTR): “Excited to announce we’re now a unicorn.” 21Shares described itself as “the world’s largest ETP issuer” on its website.
21.co posted more than $650 million in net new assets between September 2021 and September 2022, hitting a peak level of assets under management at $3 billion in November 2021. The firm has increased its overall headcount by 75% over the past year.
