FalconX Acquires 21shares

November 23, 2025

FalconX has completed the acquisition of 21shares, a leading issuer of crypto exchange-traded products (ETPs), to expand its product, structuring and market infrastructure capabilities across the United States, Europe and Asia-Pacific. 21shares will remain an independently managed business under FalconX with Russell Barlow continuing as CEO, and FalconX says existing ETP/ETF investment objectives will not change.

Buyers
FalconX
Targets
21shares
Location
Zurich, Switzerland
Transaction Type
Buyout

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