• About Us
  • Our Contributors
  • Privacy Policy
  • Contact
Tuesday, May 20, 2025
  • Login
No Result
View All Result
FactFile
  • National
  • International
  • Economy
  • Health
  • Science
  • Sports
  • Tech
    Pakistan, ICMPD Launch FJA-PAK to Combat Online Job Scams and Human Trafficking

    Pakistan, ICMPD Launch FJA-PAK to Combat Online Job Scams and Human Trafficking

    ‘X Unbanned in Pakistan’ After Cowardly Strikes by India

    ‘X Unbanned in Pakistan’ After Cowardly Strikes by India

    When will Starlink Internet Services Launch in Pakistan?

    When will Starlink Internet Services Launch in Pakistan?

    iPhone Price in Pakistan May Hit Rs1 Million Amid Tariffs

    iPhone Price in Pakistan May Hit Rs1 Million Amid Tariffs

    Google Launches Gemini 2.5 Pro

    Google Launches Gemini 2.5 Pro

    Huawei Partners with SIFC to Train 300, 000 Pakistanis in IT Skills

    Huawei Partners with SIFC to Train 300, 000 Pakistanis in IT Skills

  • Entertainment
    All Pakistani Songs Removed from Spotify India: Here's Why!

    All Pakistani Songs Removed from Spotify India: Here’s Why!

    Sushmita Sen Backs Return of Pakistani Artists to Bollywood

    Sushmita Sen Backs Return of Pakistani Artists to Bollywood

    Hania Amir Wows with Dance at Maria Unera’s Wedding

    Hania Amir Wows with Dance at Maria Unera’s Wedding

    Aishwarya Rai Bachchan’s Car Involved in Accident, Video Goes Viral

    Aishwarya Rai Bachchan’s Car Involved in Accident, Video Goes Viral

    Violence Breaks Out at Sonu Nigam’s Live Concert in Delhi

    Violence Breaks Out at Sonu Nigam’s Live Concert in Delhi

    Actress Mandana Karimi bids farewell to Bollywood, Here’s why!

    Actress Mandana Karimi bids farewell to Bollywood, Here’s why!

    From romantic ballads to upbeat hits: Discover the top trending Pakistani Music of 2024

    From romantic ballads to upbeat hits: Discover the top trending Pakistani Music of 2024

    Talha Anjum named Most-Streamed Artist of 2024 on Spotify

    Talha Anjum named Most-Streamed Artist of 2024 on Spotify

    Iain Armitage named world's richest child actor with $6 million net worth

    Iain Armitage named world’s richest child actor with $6 million net worth

  • Opinion
  • National
  • International
  • Economy
  • Health
  • Science
  • Sports
  • Tech
    Pakistan, ICMPD Launch FJA-PAK to Combat Online Job Scams and Human Trafficking

    Pakistan, ICMPD Launch FJA-PAK to Combat Online Job Scams and Human Trafficking

    ‘X Unbanned in Pakistan’ After Cowardly Strikes by India

    ‘X Unbanned in Pakistan’ After Cowardly Strikes by India

    When will Starlink Internet Services Launch in Pakistan?

    When will Starlink Internet Services Launch in Pakistan?

    iPhone Price in Pakistan May Hit Rs1 Million Amid Tariffs

    iPhone Price in Pakistan May Hit Rs1 Million Amid Tariffs

    Google Launches Gemini 2.5 Pro

    Google Launches Gemini 2.5 Pro

    Huawei Partners with SIFC to Train 300, 000 Pakistanis in IT Skills

    Huawei Partners with SIFC to Train 300, 000 Pakistanis in IT Skills

  • Entertainment
    All Pakistani Songs Removed from Spotify India: Here's Why!

    All Pakistani Songs Removed from Spotify India: Here’s Why!

    Sushmita Sen Backs Return of Pakistani Artists to Bollywood

    Sushmita Sen Backs Return of Pakistani Artists to Bollywood

    Hania Amir Wows with Dance at Maria Unera’s Wedding

    Hania Amir Wows with Dance at Maria Unera’s Wedding

    Aishwarya Rai Bachchan’s Car Involved in Accident, Video Goes Viral

    Aishwarya Rai Bachchan’s Car Involved in Accident, Video Goes Viral

    Violence Breaks Out at Sonu Nigam’s Live Concert in Delhi

    Violence Breaks Out at Sonu Nigam’s Live Concert in Delhi

    Actress Mandana Karimi bids farewell to Bollywood, Here’s why!

    Actress Mandana Karimi bids farewell to Bollywood, Here’s why!

    From romantic ballads to upbeat hits: Discover the top trending Pakistani Music of 2024

    From romantic ballads to upbeat hits: Discover the top trending Pakistani Music of 2024

    Talha Anjum named Most-Streamed Artist of 2024 on Spotify

    Talha Anjum named Most-Streamed Artist of 2024 on Spotify

    Iain Armitage named world's richest child actor with $6 million net worth

    Iain Armitage named world’s richest child actor with $6 million net worth

  • Opinion
No Result
View All Result
FactFile
No Result
View All Result
Crypto firm 21.co raises $25 million to value it at $2 billion

Crypto firm 21.co raises $25 million to value it at $2 billion

by Arshad Khan
September 6, 2022
in Economy
3
Share on FacebookShare on TwitterLinkedIn Whatsapp

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

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

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

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

The funding round comes as cryptocurrencies have fallen dramatically so far this year on US Federal Reserve rate hikes and ultra-high inflation prompts investors to ditch riskier assets.

More From FactFile: Exports increase by 3.75 percent in 2 months

Collab+Currency, Quiet Ventures, ETFS Capital and Valor Equity Partners also invested in the funding round.

The company announced on Tuesday the newly-formed parent 21.co. Its largest subsidiary, 21Shares, is the world’s largest issuer of cryptocurrency exchange-traded products (ETPs) using its proprietary platform Onyx, which is used to issue and operate crypto ETPs for the company and third parties, it said.

The round was the company’s first in two years. It said it ended 2021 “on a nine-figure revenue run rate and has seen sustained inflows, even during down markets”. It said in the year period since September last year, it recorded $650m in net new assets, with assets under management peaking in November 2021 at $3bn.

“To support this rapid business growth, 21.co grew its headcount 75 per cent during this period,” it said.

Last month, 21Shares said it hired Sherif El-Haddad as its head of Middle East, based in Dubai, as part of plans to expand in the region.

The United Arab Emirates has emerged as a crypto hub as several of the world’s big crypto firms set up in commerce hub Dubai, which is developing regulations for the industry. UAE capital Abu Dhabi already has a regulatory framework for the industry.

Tags: CryptoMarshall WaceSwitzerlandUnited Arab Emirates
ShareTweetShareSend
Previous Post

China to pay for Russian gas in yuan, rubles: Gazprom

Next Post

Hong Kong discovers first case of monkeypox

Arshad Khan

Arshad Khan

Related Posts

Petrol Prices Set to Soar as Govt Plans Rs194 Billion Levy Hike

Petrol Prices Set to Soar After Budget as Govt Plans Rs194 Billion Levy Hike

by Arshad Khan
May 20, 2025
0

The revenue from petroleum levy has been estimated at Rs1,311 billion for the next fiscal year Petrol Prices Set to...

Budget 2025-26: Non-filers to Be Banned From Buying Cars, Property

Budget 2025-26: Non-filers to Be Banned From Buying Cars, Property

by Arshad Khan
May 19, 2025
0

FBR revealed that work is already in progress to reform the tax system and make it effective and transparent. Budget...

Pakistan’s 2025-26 Salary Relief Plan May Face IMF Resistance

Budget 2025-26: Pakistan’s Proposed Tax Relief for Salaried Class May Meet IMF Resistance

by Arshad Khan
May 17, 2025
0

IMF Wary of Tax Cuts for Middle-Income Earners in Pakistan’s Budget Plan Pakistan’s 2025-26 Salary Relief Plan May Face IMF...

What Will Be New Petrol Price in Pakistan From May 16, 2025?

What Will Be New Petrol Price in Pakistan From May 16, 2025?

by Arshad Khan
May 14, 2025
0

On April 30, the government had already lowered both petrol and diesel prices by Rs2 per litre. What Will Be...

SBP Gets Second IMF Tranche of $1.023 Billion

SBP Gets Second IMF Tranche of $1.023 Billion

by Arshad Khan
May 14, 2025
0

IMF Approves $1.4 Billion Under Resilience and Sustainability Facility SBP Gets Second IMF Tranche of $1.023 Billion. The State Bank...

PSX stages strong comeback, gains 10,000 points post ceasefire

PSX Stages Strong Comeback, Gains 10,000 Points Post Ceasefire

by Arshad Khan
May 12, 2025
0

The rebound is being hailed as a sign that normalcy is returning to Pakistan’s financial markets after days of uncertainty....

SPARC and SPDC Launch Cigarette Tax Simulation Model 2025–26

SPARC and SPDC Launch Cigarette Tax Simulation Model 2025–26

by Arshad Khan
May 8, 2025
0

SPARC Urges Unified Action, Higher Tobacco Taxes to Protect Youth SPARC and SPDC Launch Cigarette Tax Simulation Model 2025–26. The...

Load More
Next Post
Pakistan Reports First Naegleria Fatality of 2025 in Karachi

Hong Kong discovers first case of monkeypox

South Korea to become world's most aged country in 2044: data

South Korea to become world's most aged country in 2044: data

Comments 3

  1. Pingback: Will cryptocurrency ever be legalised in Pakistan? - FactFile
  2. Grab up to 30k USDT in rewards says:
    1 year ago

    Any crypto investors here? Receive up to 30k USDT in deposit rewards
    if you register and begin trading.

    Reply
  3. tornado money says:
    11 months ago

    Enhance your privacy on Ethereum with TornadoCash. Enjoy secure and confidential transactions without compromising on decentralization.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Facebook Twitter Youtube Instagram LinkedIn
FactFile

Newsletter

Subscribe to receive regular updates from FactFile.
SUBSCRIBE

Categories

  • Business
  • Economy
  • Education
  • Entertainment
  • FactFile
  • Fashion
  • Health
  • International
  • Interview
  • Lifestyle
  • National
  • Opinion
  • People
  • Science
  • Sports
  • Tech
  • Uncategorized

Site Links

  • About Us
  • Our Contributors
  • Privacy Policy
  • Contact

© 2020-25 Daily FactFile

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Fashion
  • Lifestyle
  • Tech
  • Health

© 2020-25 Daily FactFile