21Shares, an Issuer of Cryptocurrency ETPs, Appoints Karan Chawla as VP of Product

21Shares AG, which claims to be the world’s largest issuer of cryptocurrency ETPs, recently announced the appointment of Karan Chawla as VP of Product in order “to drive the firm’s growth amid historic demand and institutional adoption of digital assets.”

In his new leadership role, Chawla is responsible for “building out the product org and leading the rollout of the firm’s product roadmap to provide investors with access to the world’s most innovative DeFi protocols.”

21Shares claims that it has already “amassed the world’s largest suite of crypto ETPs, and Chawla will play a leadership role in developing financial technology for new products across the world.”

After seven years of experience working at Uber, he joins “a global team that includes talent from the world’s most renowned firms including UBS, Credit Suisse, Bear Stearns, and Goldman Sachs.”

Chawla will be “based out of 21Shares’ New York City office and report directly to Ophelia Snyder, Co-founder and President of 21Shares, who also oversees product.”

Snyder stated:

“With the remarkable demand and adoption we are seeing from institutional investors for our products, we are thrilled to have Karan join and play a leading role in our product roadmap. Karan has an extensive history of defining and driving product strategies. He will be integral in helping to drive our product roadmap for hyper-growth.”

Chawla added:

“My passions lie in product and disruptive marketplaces, and 21Shares sits perfectly at this intersection as demand for crypto continues to skyrocket. With my experience in operations, international growth, maps, product strategy, and payments, I look forward to working with Ophelia and the team to continue making 21Shares the simplest way to enter the crypto market.”

As noted in the update, 21Shares takes innovation “to the next level with the largest suite of cryptocurrency exchange-traded products (ETPs) in the world.”

In 2018 it claims to have “pioneered the world’s first cryptocurrency index listing on the SIX Swiss Exchange, and it continues powering its cryptocurrency franchise with cutting-edge research and groundbreaking approaches to product strategy.”

21Shares aims “to provide all investors with an easy, secure, and regulated way to buy, sell, and short cryptocurrency through existing bank and brokerage accounts.”

21Shares is a Swiss company registered in Zug, Switzerland “with offices in Zurich and New York City.

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