Is winter's coldest stretch getting you down? Do you seek an escape from the harsh, frigid conditions on Wall Street?
Then allow Financial Planning to transport you back to the dog days of summer and directly into the heart of Surf City.
This new year, unwrap a special look at the Future Proof Festival through a series of interviews with insiders and newsmakers conducted by the Financial Planning editorial team.
In this clip, 21.co CEO Hany Rashwan discussed the news that his Zurich-based cryptocurrency investment product firm had just received a valuation of $2 billion in a funding round of $25 million led by London-based hedge fund Marshall Wace. His firm and its subsidiary, 21Shares, are the world's largest issuer of exchange-traded products tied to cryptocurrency, with $1.1 billion in assets under management. The firm and Cathie Wood's ARK Investment Management have collaborated on a bitcoin-tied ETF that had its application rejected last month.
Rashwan spoke with FP Chief Correspondent Tobias Salinger a few months prior to the collapse of cryptocurrency exchange FTX, but he explained how he would talk clients through the volatility that was occuring in digital asset values at that time. He also dove into the particulars of the potential ARK product's makeup and what he hoped to accomplish by attending Future Proof.
Check out the full interview below.
Future Proof, an event billed as the first wealth festival, attracted more than 2,200 people to Huntington Beach, California, earlier this year. Financial Planning was a sponsor of the event. Dates for Future Proof 2023 have already been announced. The event is slated to return to the beach Sept. 10-13, 2023.
