FalconX Acquires 21Shares in Major Crypto Industry Deal

Crypto prime brokerage FalconX announced the acquisition of 21Shares, a dominant Swiss-based provider of crypto exchange-traded products (ETPs), marking one of the most significant deals in the crypto ETP sector this year. The financial terms were undisclosed, with the deal financed by cash and equity, expected to close by year-end. 21Shares manages over $11 billion in assets across 55 products, including the popular ARK 21Shares Bitcoin ETF (ARKB). FalconX, valued at $8 billion in 2022, aims to integrate 21Shares' regulatory licenses and distribution network with its institutional trading infrastructure to create a comprehensive platform spanning the entire crypto investment value chain. CEO Raghu Yarlagadda stated the goal is to accelerate the convergence of digital assets and traditional finance. 21Shares CEO Russell Barlow will continue leading the unit, and existing ETPs will remain unchanged. This is FalconX's third major acquisition in 2025, following deals for Arbelos Markets and a stake in Monarq Asset Management, signaling an aggressive strategy to become a fully integrated digital asset financial institution amid broader industry consolidation.

(Source：Brave New Coin)