Crypto firm 21.co raises $25M to value it at $2B


Crypto investment products firm 21.co, parent of 21Shares, said on Tuesday it raised $25 million in a funding round led by Marshall Wallace that valued the company at $2 billion.

“With this round of funding, 21.co will continue to drive rapid and targeted growth through first-of-its-kind products, key market expansions and strategic talent acquisitions,” 21.co said in a statement. .

The post-money valuation makes 21.co “Switzerland’s biggest crypto unicorn,” the company said.