21Shares, a Swiss crypto ETP issuer, has announced a strategic reorganization to enhance operational efficiency and position itself for future growth.
The company will transition from a fully integrated business model to two distinct business units: 21Shares, which will focus on asset management, and 21.co Technologies, which will develop innovative products and technologies.
The restructuring aims to allow each unit to concentrate on its core competencies and pursue specific business objectives more effectively.
The leadership team has also been revamped, with Russell Barlow appointed as the new CEO, Duncan Moir as President, and Edel Bashir as COO.
The newly formed 21.co Technologies will focus on pioneering developments in the crypto space, while 21Shares will concentrate on asset management.
The company plans to continue innovating within the Exchange Traded Products (ETP) market, targeting European and U.S. investors.
The restructuring comes at a time when the regulatory environment for cryptocurrencies is becoming more favorable, and 21Shares aims to take advantage of this shift by introducing innovative ETPs.
The company's commitment to asset management will be complemented by its focus on technological advancements.
With a solid foundation in place, 21Shares is well-equipped to navigate the complexities of the crypto landscape and capitalize on emerging trends.