"21shares spent years building its crypto franchise outside Wall Street's orbit. From Zurich, it launched exchange-traded products that gave European investors access to Bitcoin and Ether long before the U.S. would allow them. Now, in selling itself to FalconX-a crypto prime broker backed by Tiger Global and Singapore's GIC-the company is trading autonomy for scale as crypto moves closer to the financial mainstream."
"Trump's policies, and the deals bonanza they've ignited, have changed the strategic calculus for companies like 21shares. Regulatory hurdles have eased, and the stalwarts of Wall Street are getting into crypto - putting the onus on incumbents to build a competitive moat around themselves. "The regulatory environment finally allowed this to happen faster," said Russell Barlow, 21shares's chief executive officer, in an interview, declining to disclose the size of the deal."
21shares built a crypto franchise in Europe by launching exchange-traded products that gave investors access to Bitcoin and Ether before U.S. approvals. The company agreed to sell to FalconX, exchanging independence for greater scale as crypto integrates with traditional finance. Crypto M&A surged past $10 billion in Q3 amid eased regulatory hurdles and political shifts after Donald Trump's return to the White House. Faster regulatory progress compressed strategic roadmaps and intensified competition. Established Wall Street players are entering crypto, increasing pressure on incumbents to build competitive moats while navigating new regulatory trade-offs.
Read at Fortune Crypto
Unable to calculate read time
Collection
[
|
...
]