21.co Becomes Switzerland's Largest Crypto Unicorn with $2 Billion Valuation

21.co Achieves $2 Billion Valuation

21.co, the parent firm of ETP provider 21Shares, has been recognized as "Switzerland's largest crypto unicorn" following a recent funding round. The company announced on Tuesday that it raised $25 million in a funding round led by Marshall Wace, a prominent London-based hedge fund. This investment has propelled the firm's valuation to $2 billion, solidifying its position as a leader in the cryptocurrency and ETP markets.

Key Details of the Funding Round

The $25 million funding round was spearheaded by Marshall Wace, a well-known global investment manager. This capital injection not only underscores investor confidence in 21.co's growth potential but also highlights the firm's ability to attract high-profile backers. The new valuation of $2 billion reflects the company's rapid expansion and its strategic role in the digital asset space.

Significance for the Crypto Industry

The achievement of a $2 billion valuation is a significant milestone for 21.co and the broader cryptocurrency industry. As a major player in the ETP market, 21Shares has been instrumental in bringing cryptocurrency-based financial products to mainstream investors. This funding round and valuation underscore the growing adoption of crypto assets and the maturation of the market.

Outlook for 21.co

With its newfound capital and elevated valuation, 21.co is well-positioned to further expand its offerings and strengthen its market presence. The firm is expected to continue innovating in the ETP space, providing investors with more accessible and diversified crypto investment options. This development also signals increasing institutional interest in the crypto sector, which could drive further growth in the coming years.