21Shares, founded in 2018 and headquartered in Zurich, Switzerland, is a leading provider of cryptocurrency exchange-traded products (ETPs). The company made history by launching the world’s first physically-backed crypto ETP and has since expanded its offerings to include a diverse range of products, making cryptocurrency investing more accessible to both institutional and retail investors. With a strong presence in Europe, the Middle East, and the United States, 21Shares continues to bridge the gap between traditional finance and decentralized finance. In November 2025, 21Shares was acquired by FalconX, a prominent digital asset prime brokerage, further accelerating its global expansion and product innovation. Despite the acquisition, 21Shares maintains independent operations, focusing on delivering innovative and secure investment solutions in the rapidly evolving digital asset landscape.