FalconX Snags Majority Stake in Monarq Asset Management: A Power Move into Crypto Hedge Funds!

FalconX just dropped a bombshell in the crypto world by grabbing a majority stake in Monarq Asset Management's parent company. This ain't no small fry move—it's a giant leap into asset management for the digital asset prime broker, and it's shaking things up!

The juicy details of the deal? They're under wraps, but you better believe it's part of FalconX's master plan to blow past their usual crowd of hedge funds, trading firms, and asset managers. They're not stopping there!

With trading, credit, and custody services already under their belt, FalconX is now setting its sights on endowments, pensions, and family offices hungry for crypto-focused investment solutions. Buckle up, because they're coming in hot!

Monarq, the former MNNC Group out of the Cayman Islands, was kicked off by the brains behind LedgerPrime. They're bringing some serious firepower to the table.

CEO Shiliang Tang, a Wall Street volatility trader turned crypto king, is all in on this partnership. He's ready to pump up Monarq's quantitative strategies and blast their institutional reach to the moon!

Right now, Monarq's juggling several hundred million dollars, playing it cool with delta-neutral and directional strategies across both centralized and decentralized platforms. They're not messing around!

FalconX's Acquisition Spree: Buckle Up for More!

This acquisition is just the tip of the iceberg. FalconX is on a tear, pushing hard into asset management as the digital assets space braces for a major shakeup. Remember January? That's when they gobbled up derivatives firm Arbelos Markets, co-founded by Tang himself. With a cool $8 billion valuation in 2022, FalconX isn't slowing down—they're planning more acquisitions over the next year or two. Watch out!

Austin Reid, FalconX's global head of revenue and business, isn't shy about it. "We are actively engaged with potential acquisition targets," he said. "We’re expecting a wave of consolidation in digital asset private markets." You heard it here first!

And that's not all—FalconX recently teamed up with Standard Chartered to supercharge its institutional crypto offerings. This powerhouse partnership is bringing banking and foreign exchange services to the table, speeding up cross-border settlements and eyeing expansion across Asia, the Middle East, and the U.S. Both companies are betting big on the crypto market's future. Get ready for a wild ride!