21.co provides a proprietary asset management operating system, Onyx, that facilitates the issuance and operation of both traditional finance and decentralized finance products. The platform enables crypto-native and traditional asset managers to efficiently manage over $9.9 billion in assets, addressing the complexity of transitioning to decentralized finance.
Funding
$25M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
MWFounders
Product
Problem
Traditional finance (TradFi) asset managers face significant hurdles when transitioning to decentralized finance (DeFi), including complexities in issuing, managing, and operating crypto-based financial products. Crypto-native platforms also require robust solutions to manage the creation and redemption of digital assets across multiple blockchains.
Solution
21.co provides Onyx, an asset management operating system designed to bridge TradFi and DeFi, enabling efficient issuance and operation of both traditional and decentralized financial products. Onyx streamlines the management of crypto assets across various blockchains, offering end-to-end support for asset managers transitioning to DeFi. The platform facilitates the creation and redemption of digital assets, ensuring secure and scalable access to crypto markets. 21.co also offers wrapped tokens that enhance cross-chain liquidity, allowing users to access various Layer-1 protocol tokens on the Ethereum ecosystem.
Target Audience
The primary target audience includes TradFi asset managers transitioning to DeFi, crypto-native platforms, and institutional investors seeking secure and scalable access to crypto markets.
Features
- Supports the creation and redemption of crypto assets, managing over $3.3 billion in asset creation and redemption.
- Offers 21.co Wrapped Tokens, providing cross-chain liquidity for Layer-1 protocol tokens on Ethereum.
- Provides institutional-grade custody solutions, ensuring assets are held securely in cold storage.
- Facilitates minting and burning of wrapped tokens through the Onyx operating system.
- Offers Chainlink's Proof of Reserve to ensure transparency and verification of collateralization for wrapped tokens.
- Provides wrapped tokens audited by Halborn, ensuring smart contract security.
- Supports integration with on-chain index protocols and yield protocols.