PANews reported on December 3rd that according to Globenewswire, 21.co announced today the company's new operating structure to prepare for a new growth phase in digital assets and blockchain technology. 21.co's operating structure will transform from a fully integrated business to two independent core business units - 21Shares and 21.co Technologies. 21.co will remain the holding company of 21Shares and 21.co Technologies.
The separation of 21Shares and 21.co Technologies enables each entity to focus on its strengths and more easily achieve its respective business objectives. 21Shares will continue to focus on asset management and bringing the most relevant and high-quality ETPs to market. In addition, 21Shares will be able to better capitalize on global investor interest in an increasingly favorable regulatory environment, creating significant opportunities for retail, professional and institutional investors. 21.co Technologies will focus on developing next-generation products and tools, such as tokenized assets, smart contracts and risk management, to provide institutional clients with tailored on-chain solutions.
