Digital asset prime brokerage FalconX has executed its third strategic acquisition of 2025, securing 21Shares, the world’s largest cryptocurrency exchange-traded product (ETP) issuer. This landmark transaction represents a significant consolidation within the digital asset management sector and substantially expands FalconX’s institutional product offerings.
The acquisition of 21Shares follows FalconX’s earlier strategic moves this year, including the purchase of cryptocurrency derivatives platform Arbelos Markets and obtaining a majority stake in Monarq. These consecutive acquisitions demonstrate FalconX’s aggressive expansion strategy and commitment to building a comprehensive institutional digital asset ecosystem.
21Shares has established itself as the global leader in cryptocurrency ETPs, offering institutional and retail investors regulated access to digital assets through traditional financial market infrastructure. The integration of 21Shares’ ETP platform with FalconX’s existing prime brokerage services creates a formidable combination in the digital asset space.
This strategic consolidation enables FalconX to offer clients a more comprehensive suite of products, spanning spot trading, derivatives, and now regulated ETPs. The merger positions the combined entity to better serve institutional investors seeking diversified exposure to digital assets through regulated financial instruments.
The acquisition underscores the continuing maturation and institutionalization of cryptocurrency markets, with traditional financial acquisition strategies becoming increasingly common among major digital asset firms.
