Crypto Prime Brokerage FalconX Explores 2025 IPO Amid Institutional Demand Surge
FalconX, a cryptocurrency prime brokerage, is in preliminary discussions to go public as early as 2025, according to sources familiar with the matter. The move aligns with a broader wave of crypto firms seeking public listings, buoyed by Circle's recent $1.1 billion IPO filing. FalconX has engaged in informal talks with investment bankers and consultants but has yet to formally appoint an underwriter.
The firm, last valued at $8 billion in 2022, aims to capitalize on growing institutional interest in digital assets. Strategic partnerships and acquisitions are reportedly part of its expansion strategy. While FalconX declined to comment, industry observers view the potential IPO as a bellwether for crypto's maturation in traditional finance.