The digital asset sector witnessed a flurry of acquisition activity this week, with six companies announcing deals aimed at expanding their capabilities across infrastructure, investment products, and consumer services. The transactions span everything from institutional trading platforms to decentralized storage networks, reflecting the industry’s push toward broader adoption.
Crypto prime broker FalconX announced it has agreed to acquire 21Shares, which manages over $11 billion across 55 cryptocurrency exchange traded products. Terms were not disclosed. The deal brings together FalconX’s institutional trading infrastructure with 21Shares’ asset management and distribution capabilities.
The acquisition aims to accelerate the creation of investment products that meet institutional and retail demand for regulated digital asset exposure. 21Shares will remain independently managed under the FalconX umbrella, with CEO Russell Barlow continuing to lead the business. FalconX has facilitated over $2 trillion in trading volume across a client base exceeding 2,000 institutions. Its backers include American Express, GIC, Tiger Global, Thoma Bravo and Wellington Management.
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