Who is Marshall Wace?

Hedge fund firm Marshall Wace has led a $25 million investment in crypto company 21.co, the parent of exchange-traded-product issuer 21Shares and token provider Amun, valuing the Swiss business at $2 billion.

How much money did 21shares raise?

Sept 6 (Reuters) - 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.

Will Marshall Wace return cash to investors?

This article is for subscribers only. Hedge fund Marshall Wace is locking in capital for longer and considering returning some cash to investors. The London-based investment firm will allow quarterly withdrawals from its MW Eureka fund instead of monthly and is introducing a 25% limit, according to a letter to investors seen by Bloomberg.

What's new at 21shares?

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.