FalconX Acquires Majority Stake in Monarq Asset Management to Expand Crypto Asset Management Services

FalconX, a leading digital asset prime broker, has secured a majority stake in Monarq Asset Management, a Cayman Islands-registered multistrategy crypto hedge fund. The move signals FalconX’s strategic expansion into asset management, targeting institutional clients such as endowments, pensions, and family offices.

Terms of the deal remain undisclosed, but the acquisition aligns with FalconX’s broader growth strategy. Monarq, formerly MNNC Group, manages several hundred million dollars using delta-neutral and directional strategies across centralized and decentralized platforms. CEO Shiliang Tang, a former Wall Street volatility trader, emphasized that the partnership will enhance Monarq’s quantitative strategies and institutional reach.

This marks FalconX’s second major acquisition this year, following its purchase of derivatives firm Arbelos Markets in January. The company, valued at $8 billion in 2022, anticipates further consolidation in the digital assets space and plans additional acquisitions within the next two years.