FalconX to acquire crypto ETF provider 21shares
21shares currently offers the world’s largest suite of crypto ETFs and ETPs, and the move is set to help build out FalconX’s listed markets and digital assets offering.
21shares currently offers the world’s largest suite of crypto ETFs and ETPs, and the move is set to help build out FalconX’s listed markets and digital assets offering.
The offering aligns with a growing interest in 24/7 trading across the industry in recent months, with exchanges such as Nasdaq and Cboe Global Markets unveiling plans to extend US equities trading hours.
The deal is set to support the digital prime broker in expanding from its current OTC, conversion and technology business towards a wider digital asset and wealth management business.
As part of the offering, Sage Capital will act as a prime broker to the exchange; the news follows the launch of EDXM International in July, backed by partners including Citadel Securities and Virtu Financial.
The contracts will be offered on Cboe Futures Exchange (CFE), with launch scheduled for 10 November 2025.
The SEC filing follows an increased integration of digital assets alongside traditional finance across the industry in recent months.
A letter had been sent by eight trade entities to the Basel Committee in relation to the Cryptoasset Exposures Standard set to go live in January 2026.
The new offering is expected to support 24/7 trading and hedging across the EU, with One Trading confirming that further new trading pairs are expected to launch in the future.
Individual previously worked across various roles at Goldman Sachs and is set to help drive the growth of the Sui blockchain in his new position.
The transaction, which allows for on-chain financing of UST against USDC, was executed via Tradeweb and is set to pave the way for 24/7 global trading access to high quality liquidity assets.