FalconX to acquire 21Shares

FalconX, a prominent institutional digital asset prime brokerage, has announced its acquisition of 21Shares, a Swiss-based firm known for offering the world's largest suite of cryptocurrency exchange-traded products (ETPs) and funds (ETFs). This strategic acquisition aims to merge FalconX's advanced trading, derivatives, and credit capabilities with 21Shares' asset management infrastructure, which manages over $11 billion in assets across 55 listed products. The financial specifics of the deal were not disclosed but it is considered one of the largest in the ETP sector in recent years. FalconX's CEO Raghu Yarlagadda stated that this acquisition will enhance the integration of listed and digital markets, expanding their reach in the US, Europe, and Asia-Pacific. Existing 21Shares products will continue to operate unchanged, with CEO Russell Barlow remaining at the helm of the firm, which will maintain independent management. Both companies are committed to increasing access to regulated digital asset investment vehicles.

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