Digital asset prime dealer FalconX agreed to accumulate crypto asset supervisor 21Shares, the Wall Road Journal reported on Wednesday.
The deal, phrases of which weren’t disclosed, will permit FalconX to broaden past market making and liquidity companies into issuing crypto exchange-traded funds (ETFs), a very prevalent space of institutional adoption of cryptocurrency.
Zurich, Switzerland-based 21Shares is likely one of the most distinguished suppliers of crypto exchange-traded merchandise (ETPs), having listed them in Europe lengthy earlier than they grew to become accessible within the U.S.
The agency reached the milestone of itemizing 50 ETPs in Europe final month.
Neither of the corporations instantly responded to CoinDesk’s request for remark.
