regulated-crypto
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The Company That Turned Bitcoin Into a Ticker Symbol
21Shares spent seven years wrapping crypto in the plumbing of Wall Street - regulated, exchange-listed, boring on purpose. In October 2025, prime broker FalconX bought the whole thing.
Aspen Digital
Aspen Digital is an ADGM-regulated digital asset management platform built for private wealth. Founded in 2021 and co-incubated by Everest Ventures Group and TTB Partners, it gives family offices, external asset managers and ultra-high-net-worth investors a single regulated account to trade, custody, earn yield on and report across crypto - plus a white-label infrastructure stack that lets other wealth managers offer the same. It is backed by RIT Capital Partners (the Rothschild investment trust) and Liberty City Ventures.
Fuze
Fuze is a Dubai-based digital asset infrastructure company that lets banks, fintechs, and enterprises across MENA and Turkey offer regulated crypto and stablecoin services through a single API. Its stack spans Digital Assets-as-a-Service, an OTC trading desk, stablecoin payment rails, embedded trading, and custody, all built on regulated, compliant infrastructure. Licensed by Dubai's VARA and holding a Retail Payment Services license from the UAE Central Bank, Fuze has onboarded hundreds of institutions and processed billions in digital asset volume since its 2023 launch.
Hata
Hata is a Malaysian dual-licensed digital asset exchange that lets people buy, sell, store and stake cryptocurrencies using local fiat. Founded in 2023 and launched in May of that year, it holds licences from both the Securities Commission Malaysia and the Labuan Financial Services Authority - a rare dual-regulated footprint that keeps customer assets custodied inside the country. Led by ex-Luno APAC general manager David Low, Hata grew to more than 209,000 registered users by the end of 2025 and closed an US$8 million Series A led by Bybit in April 2026.
Klickl
Klickl is a regulated Web3 open-finance platform headquartered in Abu Dhabi that bridges traditional banking and digital assets. Founded in 2017, it offers crypto trading, custody, payments, multi-currency accounts, cards and OTC services under licenses from Abu Dhabi's ADGM, Poland (VASP/EU) and the US (FinCEN MSB). In December 2024 it raised a $25M Series A at a $125M valuation to expand across the MENA region and other emerging markets.
Bruno Caratori
Bruno Caratori is the co-founder and Global CEO of Hashdex, one of the world's leading regulated crypto asset managers. A Brazilian electrical engineer turned financial technologist, he helped build Hashdex from a 2018 startup into a firm operating across eight countries with regulated crypto investment products including Bitcoin and Ethereum ETFs. He was named Global CEO in March 2026 after years as COO, having earlier worked in investment risk at Gavea Investimentos and led product at the education network Edmodo.
Hashdex
Hashdex is a crypto-focused asset manager that packages digital assets into regulated index funds and ETFs so ordinary investors can buy crypto through a brokerage account. Founded in Brazil in 2018 and now headquartered in the New York area, it co-developed the Nasdaq Crypto Index, launched the world's first crypto index ETF in 2021, and brought the first multi-asset spot crypto ETF (NCIQ) to US investors in 2025. The firm manages roughly $1 billion across products in nine countries.
Zerohash
Zerohash is a Chicago-based crypto and stablecoin infrastructure provider that lets banks, brokerages, fintechs and marketplaces embed digital-asset products - trading, payments, stablecoins and tokenization - through a single regulated API. Rather than building blockchain rails, custody and compliance themselves, clients like Stripe, Interactive Brokers, Morgan Stanley and Franklin Templeton plug into Zerohash's licensed, end-to-end platform. Founded in 2017 by Edward Woodford, the company reached unicorn status in 2025 and has settled tens of billions of dollars in volume for millions of end users across nearly 200 jurisdictions.
Kraken
Kraken is one of the oldest and largest cryptocurrency exchanges in the world, founded in 2011 and launched in 2013 by Jesse Powell after the Mt. Gox security failures convinced him crypto needed an exchange built on trust. Operated by parent company Payward, Inc., Kraken lets retail and institutional clients buy, sell, trade, stake, and self-custody dozens of digital assets, alongside crypto futures, margin, and index products. By late 2025 it served over 5 million funded accounts, held tens of billions in client assets, and was preparing for a public listing.