TechFlow News, December 3 — According to an official announcement, digital asset management firm 21.co has announced a restructuring of its operating structure, splitting its existing business into two independent entities: 21Shares and 21.co Technologies. 21.co will remain the holding company for both entities. The new structure will take effect on January 6, 2025.
Following the restructuring, co-founders Hany Rashwan and Ophelia Snyder will serve as Co-Chairs of 21Shares, while focusing their primary efforts on 21.co Technologies as CEO and President, respectively. Russell Barlow, former Head of Global Alternatives and Multi-Asset Investments at abrdn, will become CEO of 21Shares, overseeing more than $200 billion in assets.
21Shares will focus on asset management and ETP businesses, while 21.co Technologies will concentrate on developing next-generation products such as tokenized assets, smart contracts, and risk management solutions. This strategic split aims to position both entities to better achieve their respective business objectives amid the next wave of growth in the digital asset industry.
