FalconX to Acquire 21Shares in Major Crypto ETP Consolidation Move
FalconX, a dominant institutional digital asset prime brokerage, has announced its acquisition of 21Shares, the Swiss-based powerhouse behind the world's largest suite of cryptocurrency exchange-traded products. The deal merges FalconX's institutional trading infrastructure with 21Shares' $11 billion asset management platform spanning 55 listed products.
This marks FalconX's third strategic acquisition in 2025, following its purchases of Arbelos Markets and a majority stake in Monarq Asset Management. The transaction accelerates the convergence of traditional and digital markets, expanding FalconX's footprint across North America, Europe, and Asia-Pacific.
21Shares, founded in 2018 by crypto veterans Hany Rashwan and Ophelia Snyder, will maintain independent operations under CEO Russell Barlow. The combined entity aims to drive institutional adoption through regulated crypto investment vehicles.
