21shares strengthens position with new leadership and technology division

Russell Barlow heads 21Shares: Russell Barlow is appointed as the new CEO of 21Shares. Coming from abrdn, one of the UK’s largest asset management firms, Barlow managed $200 billion. His leadership signifies a strategic move to enhance 21Shares’ position in the rapidly evolving crypto sector.

21.co forms new tech division: 21.co, the parent of 21Shares, plans to spin off its technology division, creating 21.co Technologies. This new entity is set to leverage advancements under the 21.co umbrella. Significant growth is anticipated, bolstering the company’s crypto asset management capabilities.

21Shares’ asset growth over two-thirds: Since mid-2024, 21Shares has experienced significant growth. Its assets under management have increased by two-thirds, now surpassing 10 billion USD. This expansion highlights the effectiveness of the firm’s strategic initiatives amidst industry challenges and a dynamic market environment.