The digital asset broker FalconX has acquired a majority stake in the parent company of the encryption hedging fund Monarq.

On June 2, Bloomberg reported that digital asset broker FalconX had acquired a majority stake in the parent company of multi-strategy crypto hedge fund Monarq Asset Management, in a move aimed at expanding its asset management services. Terms of the transaction were not disclosed. Austin Reid, head of global revenue and business at FalconX, a privately held company based in San Mateo, California, said the investment provides the company with the opportunity to expand its institutional client base beyond hedge funds, proprietary trading firms and asset managers.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)