FalconX Expands Its Reach with Majority Stake in Monarq Asset Management

In a significant development within the digital asset landscape, FalconX has secured a majority stake in the parent company of Monarq Asset Management, a prominent multi-strategy crypto hedge fund, as reported by COINOTAG on June 2nd. The financial details of the transaction remain undisclosed. This acquisition positions FalconX, headquartered in San Mateo, California, to enhance its asset management offerings. Austin Reed, the Global Head of Revenue and Business, highlighted that this strategic move is designed to broaden the company’s reach and attract a diverse array of institutional clients, extending beyond traditional hedge funds and proprietary trading firms. Such expansions signal a growing trend in the financial landscape, emphasizing the increasing integration of cryptocurrency into institutional investment strategies.