Companies
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FalconX
Fintech
FalconX is a San Francisco-based digital asset prime brokerage providing trading, credit, and custody services that let institutional investors trade cryptocurrencies at scale.
+$46.08
26.51%
30 days ago
$173.84
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FalconX was founded in 2018 by Raghu Yarlagadda, Prabhakar Reddy, and Sudhu Arumugam, based on the observation that institutional investors such as hedge funds, asset managers, and corporations increasingly wanted exposure to cryptocurrency markets but faced significant practical obstacles to trading digital assets at institutional scale, including fragmented liquidity spread across many different exchanges, inconsistent execution quality, and a general lack of the kind of prime brokerage infrastructure, including financing, credit, and unified execution across multiple venues, that institutional investors take for granted in traditional securities markets. FalconX's platform functions similarly to a traditional prime broker but specifically for digital assets, aggregating liquidity from many different cryptocurrency exchanges and trading venues to provide institutional clients with better execution quality and pricing than they could typically achieve trading directly on any single exchange, while also offering credit and financing services that let institutional clients trade with leverage or manage their capital more efficiently across multiple positions and venues. The company's services span spot and derivatives trading execution, custody arrangements for holding digital assets securely, and lending and financing products tailored to institutional crypto trading strategies, positioning FalconX as comprehensive infrastructure for institutions seeking meaningful cryptocurrency market exposure without needing to build extensive in-house digital asset trading infrastructure themselves. FalconX's institutional client base has grown to include hedge funds, venture capital firms, corporations holding cryptocurrency on their balance sheets, and other institutional market participants navigating the operational complexity of trading digital assets at scale. The company has raised very substantial venture funding from investors including Tiger Global, GIC, and B Capital, reaching a valuation exceeding $8 billion at its peak, positioning it among the most prominent institutional crypto trading infrastructure providers alongside competitors such as Galaxy Digital and various prime brokerage divisions of crypto exchanges.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
