FalconX acquires crypto fund provider 21Shares
FalconX Ltd., a startup that provides crypto investment tools, today announced plans to acquire fellow digital asset company 21Shares AG.
The terms of the deal were not disclosed. According to the Wall Street Journal, FalconX will finance the transaction with a combination of cash and stock.
San Mateo, California-based FalconX received a $8 billion valuation after its most recent funding round. The company operates as a crypto prime broker, which means it provides tools and financing that institutional investors can use to trade in digital assets. FalconX claims to have facilitated more than $2 trillion worth of crypto transactions since launch.
The company provides a software platform that enables investors to make trades on…
