Crypto prime broker FalconX has agreed to acquire 21Shares, the world’s largest issuer of crypto exchange-traded products (ETPs). By joining forces, FalconX and 21Shares aim to develop new regulated digital asset investment products that appeal to both institutional and retail investors, the company said.
FalconX brings its $2 trillion trading infrastructure and over 2,000 institutional clients to the table, while 21Shares contributes expertise in ETP design and global distribution. The size of the deal was not disclosed.
21Shares’ leadership will remain in place following the acquisition. No immediate changes are planned to existing 21Shares ETPs or ETFs in Europe or the US.
You need to login in order to Like
Leave a comment