SoftBank-Backed Bitcoin Firm 21Capital to List on NYSE Under Ticker XXI
SoftBank-backed Twenty One Capital’s NYSE debut with 43,500 BTC could boost Bitcoin’s legitimacy and attract increased institutional interest worldwide.
BTC
Summary
SoftBank-backed Twenty One Capital, supported by Cantor Fitzgerald and Jack Mallers, begins trading today on the NYSE under ticker ‘XXI’. The firm will self-custody over 43,500 BTC, moving them from third-party accounts to its own management and issuing an updated proof-of-reserves afterward. Analysts note that the listing could strengthen Bitcoin’s standing in global markets, potentially increasing institutional adoption.
Terms & Concepts
- Bitcoin: A decentralized digital currency operating without a central bank, using blockchain technology to verify transactions.
- Proof-of-Reserves: A method used by cryptocurrency companies to verify they hold sufficient assets to cover customer balances.
- Self-Custody: The practice of holding and managing one's own cryptocurrency assets without relying on third-party custodians.