# 21.co

> 21.co is the Zurich-based parent of 21Shares, the world's largest issuer of crypto exchange-traded products. Co-founded in 2018 by Hany Rashwan and Ophelia Snyder, it wraps volatile digital assets - bitcoin, ether, solana, dogecoin and more - inside regulated ETPs and ETFs that trade on ordinary brokerage accounts, backs on-chain wrapped tokens 1:1 in cold storage, and runs it all on a proprietary operating system called Onyx. By 2025 the firm managed more than $11 billion across roughly 55 products and was acquired by prime broker FalconX.

- **Founded:** 2018
- **Headquarters:** Zurich, Switzerland
- **Founders:** Hany Rashwan (Co-founder & CEO), Ophelia Snyder (Co-founder & President)
- **Team size:** ~76 employees (per data provider); offices in Zurich, New York and London
- **Products:** 21Shares crypto ETPs, HODL, AXTZ, ARK 21Shares Bitcoin ETF (ARKB), 21Shares Core Ethereum ETF (CETH)
- **Notable:** Issued the world's first physically-backed crypto ETP (HODL, 2018), Launched the world's first staking ETP (AXTZ, 2019), Became the world's largest issuer of crypto exchange-traded products

## Products & services

- **21Shares crypto ETPs** — The world's largest range of physically-backed crypto exchange-traded products, listed on European exchanges including SIX Swiss Exchange. Reached 50 listed ETPs in Europe by 2025, spanning single-asset, staking and index products.
- **HODL** — The world's first physically-backed crypto ETP, listed on SIX Swiss Exchange - a basket of major cryptoassets in a single tradable product.
- **AXTZ** — The world's first staking ETP, passing on-chain staking rewards to investors inside a regulated wrapper.
- **ARK 21Shares Bitcoin ETF (ARKB)** — US spot bitcoin ETF launched with ARK Invest after SEC approval, listed on Cboe BZX at a 0.21% fee.
- **21Shares Core Ethereum ETF (CETH)** — US spot ethereum ETF listed in July 2024 as part of the ARK 21Shares suite.
- **21.co Wrapped Tokens** — On-chain, 1:1-backed wrapped assets (21BTC, 21SOL, 21XRP, 21ADA, 21DOT, 21LTC, 21BNB, 21BCH) minted and burned via Onyx, held in institutional cold storage and verified with Chainlink Proof of Reserve.
- **Onyx (Onyx OS)** — Proprietary end-to-end operating system used to issue and operate ETPs and to mint and burn wrapped tokens, also offered to third-party issuers.
- **Crypto index ETPs** — Diversified index products such as the Future of Crypto Index and FTSE Crypto 10 index ETFs, giving investors basket exposure across the asset class.

## Achievements

- Issued the world's first physically-backed crypto ETP (HODL, 2018)
- Launched the world's first staking ETP (AXTZ, 2019)
- Became the world's largest issuer of crypto exchange-traded products
- Reached a $2 billion valuation in 2022, described as Switzerland's largest crypto unicorn
- Co-launched the ARK 21Shares Bitcoin ETF (ARKB) after US spot bitcoin ETF approval in 2024
- Grew assets under management past $11 billion across ~55 products by 2025
- Acquired by FalconX in 2025

## Latest updates

- **2024-01** — Launched the ARK 21Shares Bitcoin ETF (ARKB) on Cboe BZX following SEC approval of US spot bitcoin ETFs.
- **2024-07** — Listed the 21Shares Core Ethereum ETF (CETH) as US spot ether ETFs went live.
- **2024-09** — Expanded wrapped tokens with 21BTC on Ethereum and integrated Chainlink Proof of Reserve.
- **2024-12** — Announced a reorganization into two units: 21Shares (asset management) and 21.co Technologies (tokenized assets and wrapped tokens).
- **2025-09** — Reached 50 listed crypto ETPs in Europe.
- **2025-11** — FalconX completed its acquisition of 21Shares, with $11B+ AUM across ~55 products.

## Links

- Website: https://21.co
- LinkedIn: https://www.linkedin.com/company/21-co
- Twitter/X: https://twitter.com/21shares
- Facebook: https://facebook.com/21dotco

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Profile page: https://yespress.io/21-co
Published by YesPress — https://yespress.io
Last updated: 2026-08-14