21.co announces a restructuring of its operational framework, splitting its existing business into two independent entities: 21Shares and 21.co Technologies. The restructuring will take effect on January 6, 2025. 🎉

21Shares will focus on asset management and ETP business, led by former abrdn Global Head of Alternatives and Multi-Asset Investing Russell Barlow as CEO, managing over $200 billion in assets. 💼

21.co Technologies is dedicated to developing next-generation products such as tokenized assets, smart contracts, and risk management. Co-founders Hany Rashwan and Ophelia Snyder will respectively serve as CEO and President. 🚀

This restructuring aims to respond to a new round of growth in the digital asset industry, allowing both entities to better achieve their respective business goals. 📈