CandleFocus 21.co announces plans for new operating structure
2024-12-03
Author: Content Editor
Crypto investment products firm 21.co is splitting its business into two separate entities, 21Shares and 21.co Technologies. 21Shares will operate as an independent crypto exchange-traded products issuer, while 21.co Technologies will focus on tokenized assets and risk management in the crypto space. The split will allow the company to prepare for the future of the crypto and blockchain industry. Co-founders Hany Rashwan and Ophelia Snyder will assume co-chair positions at 21Shares, with Rashwan becoming CEO of 21.co Technologies and Snyder becoming president. The company has also hired new executives to support its growth, including a CEO and president from abrdn. 21Shares has experienced significant growth, surpassing $10 billion in assets under management with the expansion of BTC and ETH ETFs and the launch of physically-backed crypto ETNs in the UK.
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