On October 22, 2025, FalconX announced its agreement to acquire 21shares.
FalconX announced, on October 22, 2025, its agreement to acquire 21shares. Under the terms of the deal, 21shares will remain independently managed under FalconX ownership. Further terms of the transaction were not disclosed.
FalconX, based in San Mateo, California, is an institutional digital asset prime brokerage that offers global digital asset liquidity and trading services. FalconX has facilitated over $2 trillion in trading volume for its client base.
21shares, based in Zurich, Switzerland, is a provider of physically-backed cryptocurrency exchange traded products, offering asset management product development and distribution services. 21shares has over $11 billion in assets under management.
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