21Shares US, an affiliate of 21Shares, a global issuer of crypto exchange traded funds, has appointed Federico Brokate as Vice President, Head of US Business. In his new role, Brokate will support 21Shares’s expansion into the US market.
Brokate most recently served as Director of America’s iShares Business Strategy at BlackRock. Brokate also created strategies for the asset manager’s first consumer-focused business targeting the $14tn self-directed market, according to a press statement.
At BlackRock, he also held roles including Chief of Staff to the Head of Americas iShares and Latin America Business Strategy, having started as an intern in 2015, according to his LinkedIn profile.
The addition of Mr. Brokate comes at an exciting time for 21Shares in the U.S. market. After having an established presence in the U.S. since 2021, 21Shares made its formal entrance into the U.S. markets in November 2023 with the listing of five futures-based ETFs. In January 2024, 21Shares launched its spot Bitcoin ETF, and looks forward to continuing to expand its product lineup of physically-backed crypto asset ETFs in the market.
21Shares’ US business now oversees six total crypto-asset ETFs and $3.2bn in AUM.
