FalconX acquires 21Shares, expanding its infrastructure and global product strength.

FalconX has reached an acquisition agreement with 21Shares — one of the largest issuers of exchange-traded products (ETP) in the world — although the financial terms have not been disclosed.

According to the announcement, the deal will combine FalconX's institutional brokerage infrastructure with 21Shares' ETP platform in the US and Europe. 21Shares currently manages over $11 billion in assets through 55 listed products, while FalconX has processed over $2 trillion in trading volume for more than 2,000 institutional clients.

Upon completion, 21Shares will continue to operate independently under the leadership of CEO Russell Barlow. FalconX stated that this deal is part of the 2025 expansion strategy, following the acquisitions of Arbelos Markets and Monarq Asset Management, and is also a preparatory step for the IPO plan that is under consideration.