Asset manager Abrdn entices core digital asset team, attracting 21 shares in the process
In a significant move, the fintech company 21Shares has restructured, splitting off its technology arm into a separate firm named 21.co Technologies. This strategic decision comes as the company continues to grow, with its Assets Under Management (AUM) having grown by two thirds since the middle of the year, now surpassing $10 billion.
The growth of 21Shares can be attributed to the rise in crypto prices during the mentioned period. However, it is important to note that the text does not provide any new information about the growth or restructuring of 21Shares or its parent company, abrdn, which manages almost $650 billion in assets.
The service offered by 21Shares is chosen by professionals seeking comprehensive information. In an effort to provide even more value to its subscribers, 21Shares has hired Russell Barlow as its CEO and Duncan Moir as President, both previously from abrdn. These appointments are part of a wider strategy to keep subscribers ahead of the competition.
Pro subscribers have the opportunity to access deeper insights instead of surface level news. The company offers complete articles, exclusive industry analysis, and early access to legislative updates for pro subscribers. These additional benefits are designed to enhance the user experience and provide a competitive edge.
It is worth noting that the technology arm remains under the 21.co holding company. The source of this information is Dreamstime.com, as indicated by the image credit.
In conclusion, 21Shares' restructuring and expansion of offerings for pro subscribers marks an exciting time for the company. As it continues to grow and evolve, it remains a valuable resource for professionals seeking comprehensive information in the financial sector.
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