21Shares Parent Company Hits $2B Valuation

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The parent company of crypto ETP provider 21Shares, 21.co, has raised $25 million in a funding round led by hedge fund Marshall Wace.

According to Reuters, the participants in the fundraising include Collab+Currency, Quiet Ventures, ETFS Capital and Valor Equity Partners.

The valuation of the company has increased to $2B following this latest funding round. According to the firm, this makes it the “largest cryptocurrency unicorn in Switzerland.”

21.co has said:

“With this funding round, 21.co will continue to deliver rapid, focused growth through first-of-its-kind launches, expansion of key markets, and strategic talent acquisition.”