In this article, we will discuss:
Who is Hany Rashwan?
Hany Rashwan, a self-described technology enthusiast, is an often underestimated figure in the world of cryptocurrencies. Originally from Alexandria, Egypt, Rashwan demonstrated a passion for cryptography and computing from a young age.
His entrepreneurial journey began at the age of 14, when he created his first gaming website. Over the years, he has channeled his vision into several ventures, including creating payment technology companies such as Ribbon and Payout. However, it was in the cryptocurrency scene that Hany Rashwan really stood out.
In July 2018, Rashwan co-founded 21Shares, with the aim of simplifying investing in cryptocurrency assets. In January 2020, he co-founded Amun DeFi, aiming to launch low-fee index tokens, offering an intuitive alternative to investing in the decentralized finance (DeFi) ecosystem.
Rashwan is known for his perseverance and entrepreneurial spirit, enjoying the support of influential figures such as Tim Draper, Wavemaker Partners, Valor Equity Partners and ETFS Capital. In a world that is not always kind to realists, he has earned his place.
Achievements in 2022
In 2022, Hany Rashwan launched the world's most affordable Bitcoin Exchange-Traded Product (ETP) on SIX Swiss Exchange, designed to assist cryptocurrency investors in bear markets. Soon after, he introduced cryptocurrency ETPs such as Aave, Chainlink, and Uniswap, accelerating your company’s momentum with an ETP tracking Decentraland’s MANA token. The expansion continued with the launch of an ETP of The Sandbox in April 2022, offering exposure to the growing metaverse space.
21Shares also provided Australian investors with more stable options for investing in Bitcoin and Ether through its Cboe Australia-listed Exchange-Traded Funds (ETFs), which had fewer tracking errors compared to futures-based funds. As a result of these tireless efforts, Rashwan secured a $25 million funding round for 21.co in September 2022, valuing the 21Shares holding company at approximately $2 billion.
Vision for 2023
Despite the adversities facing many cryptocurrency companies in 2022, Hany Rashwan remains unwaveringly optimistic about the future of the cryptocurrency space. It reinforces 21Shares' strong operational fundamentals and is committed to further expanding the range of ETF products.
Rashwan believes that although the cryptocurrency market continues to waver amid risk, the industry has earned the trust of millions of investors around the world. He maintains his positivity regarding a possible resurgence of investor optimism in 2023 and is ready to expand his ventures, notably Amun DeFi, which aims to provide access to ecosystems blockchain next generation in the DeFi sector.
