Exhibit 21.1
SUBSIDIARIES LIST
Direct and Indirect Subsidiaries
of Twenty One Capital, Inc.
| Name of Subsidiary | Jurisdiction of Incorporation | |
| Twenty One Merger Sub D | Cayman Islands | |
| CEP Sub A, Inc. | Delaware, United States | |
| CEP Sub B, Inc | Delaware, United States | |
| CEP Merger Sub C, Inc. | Delaware, United States |